Living in Owaneco, Illinois
Cost of living, income, home prices, rent and demographics of Owaneco · Census data 2020–2024
Owaneco has 613 residents with a median age of 33.5. The median household income is $65,313 (22% lower than the Illinois median), the median home value is $101,700, the median rent is $815/month.
Owaneco is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Owaneco at a glance
- Population
- 613
- Median age
- 33.5State: 39
- Median household income
- $65,313State: $83,390
- Median home value
- $101,700State: $263,300
- Median rent
- $815/moState: $1,274
- Homeowners
- 90%
- Bachelor's degree or higher
- 7.7%
- Average commute
- 26 min
Is Owaneco a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 26 minutes; unemployment of 5.7%.
Cons: Median household income 22% lower than the Illinois median; a poverty rate of 17.5%.
The weather is best in May and August to October.
Cost of living in Owaneco
Housing is the biggest part of the cost of living. In Owaneco the median home value is $101,700, 69% lower than the U.S. median. Renters pay a median of $815 per month, which is 25.8% of household income. Homeowners with a mortgage pay $989 a month in housing costs.
Owaneco median household income
The median household income in Owaneco is $65,313 and the income per person is $23,030. 17.5% of residents live below the poverty line (Illinois: 11.8%).
Housing in Owaneco: homes for sale and rent
- Housing units
- 180
- Owner-occupied
- 90%
- Renter-occupied
- 10%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.61
Owaneco demographics
- Population
- 613
- Median age
- 33.5
- Under 18
- 28.7%
- 65 and older
- 14.5%
- Households
- 170
- Foreign-born
- 0%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Owaneco ›
Education in Owaneco
7.7% of adults 25 and older in Owaneco have a bachelor's degree or higher (Illinois: 37.8%), and 2.5% have a graduate or professional degree.
Jobs and commute in Owaneco
- Unemployment rate
- 5.7%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 2.9%
- Drive alone
- 89.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.7%
Owaneco vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Owaneco | 613 | $65,313 | $101,700 | $815 |
| Pana | 5,217 | $46,168 | $77,900 | $684 |
| Assumption | 1,205 | $57,500 | $89,700 | $693 |
| Taylorville | 10,646 | $57,552 | $104,100 | $828 |
| Langleyville | 282 | $47,969 | $106,500 | — |
| Stonington | 655 | $65,972 | $106,100 | $900 |
| Palmer | 241 | $49,500 | $82,900 | $740 |
| Nokomis | 2,147 | $60,326 | $83,900 | $814 |
| Moweaqua | 1,915 | $69,625 | $114,500 | $896 |
More for people moving to Owaneco
Owaneco ZIP code ›Weather and climate ›Living in Owaneco: FAQ
What is the median household income in Owaneco, IL?
The median household income in Owaneco is $65,313, 22% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Owaneco?
The median home value in Owaneco is $101,700, compared with $263,300 in Illinois.
How much is rent in Owaneco?
The median gross rent in Owaneco is $815 per month, about 25.8% of household income.
Is Owaneco, IL a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 26 minutes; unemployment of 5.7%. Minuses: median household income 22% lower than the Illinois median; a poverty rate of 17.5%.
What is the median age in Owaneco?
The median age in Owaneco is 33.5 years (Illinois: 39).
How long is the commute in Owaneco?
The average commute to work in Owaneco is 26 minutes; 2.9% of workers work from home.
What is the unemployment rate in Owaneco?
The unemployment rate in Owaneco is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Owaneco?
7.7% of adults in Owaneco have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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