What is the population of Lacon city?

Lacon city has 1,768 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #533 of 1,462 in Illinois.

What is the median household income in Lacon city?

Median household income in Lacon city is $60,750 a year, 22.6% below the national figure of $78,538.

How much does it cost to rent or buy in Lacon city?

Median gross rent is $811 a month and the median home value is $111,700, so rent absorbs about 16% of median household income.

Is Lacon city affordable compared with the rest of the US?

Homes cost about 1.8× the local median income here versus roughly 3.9× nationally, so Lacon city is more affordable to buy in than the typical US market, and rent takes 16% of median income against the 30% cost-burden line.

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Illinois · Census place 40559

Lacon, IL population, income and ZIP codes

Quick answer

The population of the city of Lacon, Illinois (Lacon, IL — Census place “Lacon city”) is 1,768 residents, ranking #533 of 1462 places in Illinois. Median household income is $60,750, the median home is worth $111,700 and median gross rent runs $811 a month. Looking for the Lacon Illinois ZIP code list? 1 ZIP codes serve Lacon, IL: 61540.

Population: 1,768Lacon city residents
Median household income: $60,750Past 12 months, inflation adjusted
Median home value: $111,700Owner-occupied units
Median gross rent: $811Rent plus utilities, monthly
Median age: 41.4 yrsAll residents
Homeownership rate: 73.4%Owner-occupied households

Lacon ZIP codes (Illinois)

Census ZCTAs whose delivery area overlaps Lacon.

The Lacon IL ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

61540

What the numbers mean in Lacon city

Housing cost measured against local earnings.

A household earning the Lacon city median would spend about 16% 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 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.3% of residents and 73.4% of households own their home.

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

Lacon city, IL in context

How this area compares with national benchmarks.

Lacon city is a small town in Illinois, with 1,768 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #533 of 1,462 ranked by population — larger than 63% of them. The median age here is 41.4 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Lacon city earn a median of $60,750 a year, 22.6% below the national figure of $78,538 and 18% below the $74,244 median for the 698 Illinois cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 14.3% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Lacon city is valued at $111,700, 63.2% below the national figure and 38% below the $179,100 peer median, while median gross rent runs $811 a month, 42.3% below the national figure, or roughly $9,732 across a full year. A household on the local median income would put about 16% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.8×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 73.4% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Illinois.

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Frequently asked questions

Common questions about this area.

What is the population of Lacon city?: Lacon city has 1,768 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #533 of 1,462 in Illinois.
What is the median household income in Lacon city?: Median household income in Lacon city is $60,750 a year, 22.6% below the national figure of $78,538.
How much does it cost to rent or buy in Lacon city?: Median gross rent is $811 a month and the median home value is $111,700, so rent absorbs about 16% of median household income.
Is Lacon city affordable compared with the rest of the US?: Homes cost about 1.8× the local median income here versus roughly 3.9× nationally, so Lacon city is more affordable to buy in than the typical US market, and rent takes 16% of median income against the 30% cost-burden line.
How current is this Lacon city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.