Living in Ransom, Illinois
Cost of living, income, home prices, rent and demographics of Ransom · Census data 2020–2024
Ransom has 245 residents with a median age of 39.3. The median household income is $82,500 (about the same as the Illinois median), the median home value is $93,300, the median rent is $775/month.
Ransom is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ransom at a glance
- Population
- 245
- Median age
- 39.3State: 39
- Median household income
- $82,500State: $83,390
- Median home value
- $93,300State: $263,300
- Median rent
- $775/moState: $1,274
- Homeowners
- 86.5%
- Bachelor's degree or higher
- 16.1%
- Average commute
- 30 min
Is Ransom a good place to live?
Pros: Home values 65% lower than the state median; unemployment of 2.8%; a poverty rate of 7.8%.
Cons: Median household income about the same as the Illinois median; an average commute of 30 minutes.
The weather is best in May–June and August–September.
Cost of living in Ransom
Housing is the biggest part of the cost of living. In Ransom the median home value is $93,300, 72% lower than the U.S. median. Renters pay a median of $775 per month, which is 15% of household income. Homeowners with a mortgage pay $1,188 a month in housing costs.
Ransom median household income
The median household income in Ransom is $82,500 and the income per person is $38,827. 7.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Ransom: homes for sale and rent
- Housing units
- 129
- Owner-occupied
- 86.5%
- Renter-occupied
- 13.5%
- Vacant
- 19.4%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 2.36
Ransom demographics
- Population
- 245
- Median age
- 39.3
- Under 18
- 18.8%
- 65 and older
- 19.6%
- Households
- 104
- Foreign-born
- 1.6%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Ransom ›
Education in Ransom
16.1% of adults 25 and older in Ransom have a bachelor's degree or higher (Illinois: 37.8%), and 6.5% have a graduate or professional degree.
Jobs and commute in Ransom
- Unemployment rate
- 2.8%State: 5.8%
- Average commute
- 30 minState: 28 min
- Work from home
- 4.4%
- Drive alone
- 87.5%
- Public transit
- 0%
- Walk to work
- 4.4%
- Homes with broadband
- 86.5%
Ransom vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ransom | 245 | $82,500 | $93,300 | $775 |
| Verona | 272 | $45,313 | $118,800 | $983 |
| Streator | 12,330 | $57,609 | $94,700 | $852 |
| Seneca | 2,450 | $86,830 | $227,500 | $1,149 |
| Grand Ridge | 584 | $78,929 | $158,700 | $1,023 |
| Marseilles | 4,279 | $58,217 | $142,500 | $1,041 |
| Kangley | 302 | $88,125 | $96,100 | $686 |
| Cornell | 389 | $68,750 | $92,200 | $883 |
| Dwight | 3,872 | $71,184 | $155,600 | $997 |
More for people moving to Ransom
Ransom ZIP code ›Weather and climate ›Living in Ransom: FAQ
What is the median household income in Ransom, IL?
The median household income in Ransom is $82,500, about the same as 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 Ransom?
The median home value in Ransom is $93,300, compared with $263,300 in Illinois.
How much is rent in Ransom?
The median gross rent in Ransom is $775 per month, about 15% of household income.
Is Ransom, IL a good place to live?
Pluses: home values 65% lower than the state median; unemployment of 2.8%; a poverty rate of 7.8%. Minuses: median household income about the same as the Illinois median; an average commute of 30 minutes.
What is the median age in Ransom?
The median age in Ransom is 39.3 years (Illinois: 39).
How long is the commute in Ransom?
The average commute to work in Ransom is 30 minutes; 4.4% of workers work from home.
What is the unemployment rate in Ransom?
The unemployment rate in Ransom is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ransom?
16.1% of adults in Ransom 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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