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Illinois · Census place 16405

Cornell village, IL

Quick answer

Cornell village has 419 residents, ranking #990 of 1462 places in Illinois. Median household income is $64,286, the median home is worth $83,800 and median gross rent runs $871 a month.

Population
419Cornell village residents
Median household income
$64,286Past 12 months, inflation adjusted
Median home value
$83,800Owner-occupied units
Median gross rent
$871Rent plus utilities, monthly
Median age
34.8 yrsAll residents
Homeownership rate
74.4%Owner-occupied households

What the numbers mean in Cornell village

Housing cost measured against local earnings.

A household earning the Cornell village median would spend about 16.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 20.1% of residents and 74.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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