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Grantfork village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.9x is exceptionally low

As of 2026, Grantfork village, Illinois has a total population of 468, the 964th largest city in Illinois, with a median household income of $103,750, which is 27% higher than the state average. The poverty rate is 2.1%.

Key Takeaways

Grantfork village Quick Facts

Population 468
Median Household Income $103,750
Median Home Value $195,500
Poverty Rate 2.1%
Unemployment Rate 4.0%
Median Age 36.7 years
Homeownership Rate 98.3%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 45.4%
High School Graduation Rate 98.1%
Diversity Index 3/100
Population 468 964th of 1,445
Median Income $103,750 top 20%
Poverty Rate 2.1% 83% lower national
Median Home Value $195,500 top 30%

How Grantfork village Compares

Economy & Housing

Employment

4.0% Unemployment Rate State: 5.8% | National: 5.2%
84.3% Labor Force Participation

Housing Overview

Owner 98.3%
Renter 1.7%
Affordability Index Very Affordable
1.9x home value to income ratio

People & Demographics

Diversity Index

3out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 60 | National average: 60

Education

Grantfork village Rankings in Illinois

#964 Population of 1,445
#200 Median Income of 1,445
#148 Education of 1,445
#377 Home Value of 1,445

Cities Similar to Grantfork village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Carbon Hill village485$100,368$217,1008.8%7.0%
Edgington CDP453$97,594$187,5006.5%11.0%
Elkhart village442$98,750$123,20026.6%3.6%
Bonfield village474$86,667$190,80010.1%2.3%
Stanford village469$83,173$101,80011.0%9.4%

Population Overview

Grantfork village is a small community located in Illinois. The total population is 468. It ranks as the 964th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Grantfork village is 36.7 years. This is 6% lower than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Grantfork village is $103,750. This is 27% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 32% higher. The poverty rate stands at 2.1%. This is 82% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.0%. This is 31% lower than the state rate of 5.8%. The median home value is $195,500. Housing costs are 22% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.9x, Grantfork village is one of the most affordable housing markets in the area. 98.3% of occupied housing units are owner-occupied. This homeownership rate is 47% higher than the state average of 66.8%.

Race & Ethnicity

Grantfork village has a predominantly White (non-Hispanic) population, comprising 98.3% of all residents. Asian residents account for 0.4%. The White (non-Hispanic) population is significantly higher than the state average (98.3% vs 58.8%). The Asian population (0.4%) is well below the state average of 5.8%.

Education

45.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Grantfork village in the top 10% of all cities in the state for educational attainment. This is 22% higher than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.1%.

Data Sources & Methodology

All demographic data for Grantfork village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Grantfork village, Illinois?

Grantfork village, Illinois has a population of 468 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Grantfork village, IL?

The median household income in Grantfork village is $103,750, which is 32% higher the national median of $78,538.

What is the poverty rate in Grantfork village, IL?

The poverty rate in Grantfork village is 2.1%. This means approximately 10 residents live below the federal poverty line.

What is the racial makeup of Grantfork village, Illinois?

Grantfork village's population is 98.3% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.4% Asian.

What is the median home value in Grantfork village, IL?

The median home value in Grantfork village is $195,500. The home-value-to-income ratio is 1.9x.

How educated is Grantfork village, Illinois?

45.4% of adults (25+) in Grantfork village hold a bachelor's degree or higher, and 12.3% hold a graduate or professional degree.