Living in Penfield, Illinois
Cost of living, income, home prices, rent and demographics of Penfield · Census data 2020–2024
Penfield has 190 residents with a median age of 52.7. The median household income is $97,000 (16% higher than the Illinois median), the median home value is $96,200.
Penfield is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Penfield at a glance
- Population
- 190
- Median age
- 52.7State: 39
- Median household income
- $97,000State: $83,390
- Median home value
- $96,200State: $263,300
- Homeowners
- 85.9%
- Bachelor's degree or higher
- 2%
- Average commute
- 24 min
Is Penfield a good place to live?
Pros: Median household income 16% higher than the Illinois median; home values 63% lower than the state median; an average commute of 24 minutes.
Cons: A poverty rate of 12.4%.
The weather is best in May and August to October.
Cost of living in Penfield
Housing is the biggest part of the cost of living. In Penfield the median home value is $96,200, 71% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,111 a month in housing costs.
Penfield median household income
The median household income in Penfield is $97,000 and the income per person is $37,286. 12.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Penfield: homes for sale and rent
- Housing units
- 87
- Owner-occupied
- 85.9%
- Renter-occupied
- 14.1%
- Vacant
- 10.3%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.44
Penfield demographics
- Population
- 190
- Median age
- 52.7
- Under 18
- 19.5%
- 65 and older
- 37.9%
- Households
- 78
- Foreign-born
- 0%
- Veterans
- 17.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Penfield ›
Education in Penfield
2% of adults 25 and older in Penfield have a bachelor's degree or higher (Illinois: 37.8%), and 0% have a graduate or professional degree.
Jobs and commute in Penfield
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 10.6%
- Drive alone
- 85.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.2%
Penfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Penfield | 190 | $97,000 | $96,200 | — |
| Gifford | 822 | $76,964 | $171,200 | $555 |
| Potomac | 605 | $53,194 | $95,500 | $780 |
| Royal | 292 | $86,250 | $161,200 | $1,136 |
| Rantoul | 12,421 | $48,691 | $118,200 | $890 |
| Ludlow | 372 | $45,000 | $72,500 | $1,024 |
| Rankin | 601 | $41,250 | $56,900 | $767 |
| Henning | 236 | $79,500 | $86,000 | $1,107 |
| Ogden | 754 | $78,125 | $157,400 | $1,214 |
More for people moving to Penfield
Penfield ZIP code ›Weather and climate ›Living in Penfield: FAQ
What is the median household income in Penfield, IL?
The median household income in Penfield is $97,000, 16% higher 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 Penfield?
The median home value in Penfield is $96,200, compared with $263,300 in Illinois.
Is Penfield, IL a good place to live?
Pluses: median household income 16% higher than the Illinois median; home values 63% lower than the state median; an average commute of 24 minutes. Minuses: a poverty rate of 12.4%.
What is the median age in Penfield?
The median age in Penfield is 52.7 years (Illinois: 39).
How long is the commute in Penfield?
The average commute to work in Penfield is 24 minutes; 10.6% of workers work from home.
What is the unemployment rate in Penfield?
The unemployment rate in Penfield is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Penfield?
2% of adults in Penfield 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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