Living in Walnut, Illinois
Cost of living, income, home prices, rent and demographics of Walnut · Census data 2020–2024
Walnut has 1,282 residents with a median age of 42.5. The median household income is $61,750 (26% lower than the Illinois median), the median home value is $102,100, the median rent is $617/month.
Walnut is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Walnut at a glance
- Population
- 1,282
- Median age
- 42.5State: 39
- Median household income
- $61,750State: $83,390
- Median home value
- $102,100State: $263,300
- Median rent
- $617/moState: $1,274
- Homeowners
- 86.9%
- Bachelor's degree or higher
- 19.3%
- Average commute
- 20 min
Is Walnut a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 20 minutes; unemployment of 3.2%; a poverty rate of 7%.
Cons: Median household income 26% lower than the Illinois median.
The weather is best in June to September.
Cost of living in Walnut
Housing is the biggest part of the cost of living. In Walnut the median home value is $102,100, 69% lower than the U.S. median. Renters pay a median of $617 per month, which is 21.9% of household income. Homeowners with a mortgage pay $1,049 a month in housing costs.
Walnut median household income
The median household income in Walnut is $61,750 and the income per person is $32,133. 7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Walnut: homes for sale and rent
- Housing units
- 606
- Owner-occupied
- 86.9%
- Renter-occupied
- 13.1%
- Vacant
- 9.4%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.24
Walnut demographics
- Population
- 1,282
- Median age
- 42.5
- Under 18
- 21.9%
- 65 and older
- 24.6%
- Households
- 549
- Foreign-born
- 0.4%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Walnut ›
Education in Walnut
19.3% of adults 25 and older in Walnut have a bachelor's degree or higher (Illinois: 37.8%), and 6% have a graduate or professional degree.
Jobs and commute in Walnut
- Unemployment rate
- 3.2%State: 5.8%
- Average commute
- 20 minState: 28 min
- Work from home
- 3.5%
- Drive alone
- 84.5%
- Public transit
- 0%
- Walk to work
- 4.6%
- Homes with broadband
- 76%
Walnut vs nearby towns
More for people moving to Walnut
Walnut ZIP code ›Weather and climate ›Living in Walnut: FAQ
What is the median household income in Walnut, IL?
The median household income in Walnut is $61,750, 26% 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 Walnut?
The median home value in Walnut is $102,100, compared with $263,300 in Illinois.
How much is rent in Walnut?
The median gross rent in Walnut is $617 per month, about 21.9% of household income.
Is Walnut, IL a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 20 minutes; unemployment of 3.2%; a poverty rate of 7%. Minuses: median household income 26% lower than the Illinois median.
What is the median age in Walnut?
The median age in Walnut is 42.5 years (Illinois: 39).
How long is the commute in Walnut?
The average commute to work in Walnut is 20 minutes; 3.5% of workers work from home.
What is the unemployment rate in Walnut?
The unemployment rate in Walnut is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Walnut?
19.3% of adults in Walnut 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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