Living in Shannon, Illinois
Cost of living, income, home prices, rent and demographics of Shannon · Census data 2020–2024
Shannon has 772 residents with a median age of 51.8. The median household income is $58,929 (29% lower than the Illinois median), the median home value is $115,100, the median rent is $604/month.
Shannon is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Shannon at a glance
- Population
- 772
- Median age
- 51.8State: 39
- Median household income
- $58,929State: $83,390
- Median home value
- $115,100State: $263,300
- Median rent
- $604/moState: $1,274
- Homeowners
- 87.7%
- Bachelor's degree or higher
- 16.7%
- Average commute
- 27 min
Is Shannon a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 27 minutes; unemployment of 1.4%; a poverty rate of 9.7%.
Cons: Median household income 29% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Shannon
Housing is the biggest part of the cost of living. In Shannon the median home value is $115,100, 65% lower than the U.S. median. Renters pay a median of $604 per month, which is 28.3% of household income. Homeowners with a mortgage pay $1,041 a month in housing costs.
Shannon median household income
The median household income in Shannon is $58,929 and the income per person is $34,875. 9.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Shannon: homes for sale and rent
- Housing units
- 432
- Owner-occupied
- 87.7%
- Renter-occupied
- 12.3%
- Vacant
- 11.6%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.02
Shannon demographics
- Population
- 772
- Median age
- 51.8
- Under 18
- 17.7%
- 65 and older
- 34.1%
- Households
- 382
- Foreign-born
- 0%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Shannon ›
Education in Shannon
16.7% of adults 25 and older in Shannon have a bachelor's degree or higher (Illinois: 37.8%), and 5.4% have a graduate or professional degree.
Jobs and commute in Shannon
- Unemployment rate
- 1.4%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 4.5%
- Drive alone
- 87.2%
- Public transit
- 0%
- Walk to work
- 3.1%
- Homes with broadband
- 85.9%
Shannon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Shannon | 772 | $58,929 | $115,100 | $604 |
| Lanark | 1,541 | $59,375 | $96,600 | $819 |
| Lake Carroll | 853 | $108,750 | $348,500 | — |
| Forreston | 1,360 | $70,676 | $129,900 | $744 |
| Pearl City | 745 | $63,295 | $128,200 | $744 |
| Freeport | 23,505 | $51,723 | $92,100 | $793 |
| Chadwick | 591 | $78,688 | $85,700 | — |
| Mount Carroll | 1,501 | $58,500 | $86,600 | $785 |
| Milledgeville | 1,218 | $59,417 | $94,200 | $513 |
More for people moving to Shannon
Shannon ZIP code ›Weather and climate ›Living in Shannon: FAQ
What is the median household income in Shannon, IL?
The median household income in Shannon is $58,929, 29% 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 Shannon?
The median home value in Shannon is $115,100, compared with $263,300 in Illinois.
How much is rent in Shannon?
The median gross rent in Shannon is $604 per month, about 28.3% of household income.
Is Shannon, IL a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 27 minutes; unemployment of 1.4%; a poverty rate of 9.7%. Minuses: median household income 29% lower than the Illinois median.
What is the median age in Shannon?
The median age in Shannon is 51.8 years (Illinois: 39).
How long is the commute in Shannon?
The average commute to work in Shannon is 27 minutes; 4.5% of workers work from home.
What is the unemployment rate in Shannon?
The unemployment rate in Shannon is 1.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Shannon?
16.7% of adults in Shannon 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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