Living in Volo, Illinois
Cost of living, income, home prices, rent and demographics of Volo · Census data 2020–2024
Volo has 6,706 residents with a median age of 33.5. The median household income is $160,792 (93% higher than the Illinois median), the median home value is $319,700, the median rent is $2,169/month.
Volo at a glance
- Population
- 6,706
- Median age
- 33.5State: 39
- Median household income
- $160,792State: $83,390
- Median home value
- $319,700State: $263,300
- Median rent
- $2,169/moState: $1,274
- Homeowners
- 82%
- Bachelor's degree or higher
- 52.2%
- Average commute
- 32 min
Is Volo a good place to live?
Pros: Median household income 93% higher than the Illinois median; unemployment of 2.6%; a poverty rate of 2.1%.
Cons: Home values 21% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Volo
Housing is the biggest part of the cost of living. In Volo the median home value is $319,700, 4% lower than the U.S. median. Renters pay a median of $2,169 per month, which is 19.3% of household income. Homeowners with a mortgage pay $2,466 a month in housing costs.
Volo median household income
The median household income in Volo is $160,792 and the income per person is $54,188. 2.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Volo: homes for sale and rent
- Housing units
- 2,263
- Owner-occupied
- 82%
- Renter-occupied
- 18%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2010
- Average household size
- 2.96
Volo demographics
- Population
- 6,706
- Median age
- 33.5
- Under 18
- 30.7%
- 65 and older
- 11.9%
- Households
- 2,263
- Foreign-born
- 11.9%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Volo ›
Education in Volo
52.2% of adults 25 and older in Volo have a bachelor's degree or higher (Illinois: 37.8%), and 13.3% have a graduate or professional degree.
Jobs and commute in Volo
- Unemployment rate
- 2.6%State: 5.8%
- Average commute
- 32 minState: 28 min
- Work from home
- 20.1%
- Drive alone
- 74.2%
- Public transit
- 1.2%
- Walk to work
- 0.4%
- Homes with broadband
- 99.7%
Volo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Volo | 6,706 | $160,792 | $319,700 | $2,169 |
| Lakemoor | 6,467 | $100,414 | $265,500 | $1,726 |
| Round Lake | 18,628 | $111,977 | $278,600 | $1,710 |
| Long Lake | 3,307 | $104,621 | $220,100 | $1,530 |
| Wauconda | 14,027 | $111,239 | $278,600 | $1,371 |
| Round Lake Park | 7,919 | $55,813 | $164,900 | $1,402 |
| Island Lake | 8,014 | $103,156 | $262,500 | $1,874 |
| Holiday Hills | 634 | $74,083 | $220,600 | $1,850 |
| Hainesville | 3,524 | $129,911 | $210,500 | $1,225 |
More for people moving to Volo
Volo ZIP code ›Weather and climate ›Living in Volo: FAQ
What is the median household income in Volo, IL?
The median household income in Volo is $160,792, 93% 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 Volo?
The median home value in Volo is $319,700, compared with $263,300 in Illinois.
How much is rent in Volo?
The median gross rent in Volo is $2,169 per month, about 19.3% of household income.
Is Volo, IL a good place to live?
Pluses: median household income 93% higher than the Illinois median; unemployment of 2.6%; a poverty rate of 2.1%. Minuses: home values 21% higher than the state median; an average commute of 32 minutes.
What is the median age in Volo?
The median age in Volo is 33.5 years (Illinois: 39).
How long is the commute in Volo?
The average commute to work in Volo is 32 minutes; 20.1% of workers work from home.
What is the unemployment rate in Volo?
The unemployment rate in Volo is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Volo?
52.2% of adults in Volo 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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