Illinois · Census place 49516
Mineral village, IL
Quick answer
Mineral village has 179 residents, ranking #1240 of 1462 places in Illinois. Median household income is $51,250, the median home is worth $73,900 and median gross rent runs $1,025 a month.
- Population
- 179Mineral village residents
- Median household income
- $51,250Past 12 months, inflation adjusted
- Median home value
- $73,900Owner-occupied units
- Median gross rent
- $1,025Rent plus utilities, monthly
- Median age
- 49.3 yrsAll residents
- Homeownership rate
- 87.6%Owner-occupied households
What the numbers mean in Mineral village
Housing cost measured against local earnings.
A household earning the Mineral village median would spend about 24% 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 1.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 21.8% of residents and 87.6% 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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