Living in Thomasboro, Illinois
Cost of living, income, home prices, rent and demographics of Thomasboro · Census data 2020–2024
Thomasboro has 918 residents with a median age of 44.5. The median household income is $64,038 (23% lower than the Illinois median), the median home value is $111,800, the median rent is $808/month.
Thomasboro is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Thomasboro at a glance
- Population
- 918
- Median age
- 44.5State: 39
- Median household income
- $64,038State: $83,390
- Median home value
- $111,800State: $263,300
- Median rent
- $808/moState: $1,274
- Homeowners
- 75.1%
- Bachelor's degree or higher
- 15.3%
- Average commute
- 21 min
Is Thomasboro a good place to live?
Pros: Home values 58% lower than the state median; an average commute of 21 minutes; unemployment of 1.3%.
Cons: Median household income 23% lower than the Illinois median; a poverty rate of 13.2%.
The weather is best in May and August to October.
Cost of living in Thomasboro
Housing is the biggest part of the cost of living. In Thomasboro the median home value is $111,800, 66% lower than the U.S. median. Renters pay a median of $808 per month, which is 21.6% of household income. Homeowners with a mortgage pay $899 a month in housing costs.
Thomasboro median household income
The median household income in Thomasboro is $64,038 and the income per person is $46,127. 13.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Thomasboro: homes for sale and rent
- Housing units
- 502
- Owner-occupied
- 75.1%
- Renter-occupied
- 24.9%
- Vacant
- 14.3%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.13
Thomasboro demographics
- Population
- 918
- Median age
- 44.5
- Under 18
- 18.2%
- 65 and older
- 15.1%
- Households
- 430
- Foreign-born
- 9%
- Veterans
- 11.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Thomasboro ›
Education in Thomasboro
15.3% of adults 25 and older in Thomasboro have a bachelor's degree or higher (Illinois: 37.8%), and 2.7% have a graduate or professional degree.
Jobs and commute in Thomasboro
- Unemployment rate
- 1.3%State: 5.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 3.8%
- Drive alone
- 83.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.8%
Thomasboro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Thomasboro | 918 | $64,038 | $111,800 | $808 |
| Rantoul | 12,421 | $48,691 | $118,200 | $890 |
| Urbana | 39,341 | $45,346 | $184,900 | $972 |
| Gifford | 822 | $76,964 | $171,200 | $555 |
| Fisher | 1,605 | $97,702 | $190,100 | $917 |
| Champaign | 89,996 | $56,118 | $210,900 | $1,123 |
| Ludlow | 372 | $45,000 | $72,500 | $1,024 |
| Lake of the Woods | 2,091 | $61,625 | $193,500 | $1,190 |
| Mahomet | 10,049 | $118,586 | $299,100 | $1,396 |
More for people moving to Thomasboro
Thomasboro ZIP code ›Weather and climate ›Living in Thomasboro: FAQ
What is the median household income in Thomasboro, IL?
The median household income in Thomasboro is $64,038, 23% 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 Thomasboro?
The median home value in Thomasboro is $111,800, compared with $263,300 in Illinois.
How much is rent in Thomasboro?
The median gross rent in Thomasboro is $808 per month, about 21.6% of household income.
Is Thomasboro, IL a good place to live?
Pluses: home values 58% lower than the state median; an average commute of 21 minutes; unemployment of 1.3%. Minuses: median household income 23% lower than the Illinois median; a poverty rate of 13.2%.
What is the median age in Thomasboro?
The median age in Thomasboro is 44.5 years (Illinois: 39).
How long is the commute in Thomasboro?
The average commute to work in Thomasboro is 21 minutes; 3.8% of workers work from home.
What is the unemployment rate in Thomasboro?
The unemployment rate in Thomasboro is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Thomasboro?
15.3% of adults in Thomasboro 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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