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Hanaford village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 0.9x is exceptionally low

As of 2026, Hanaford village, Illinois has a total population of 327, the 1060th largest city in Illinois, with a median household income of $59,500, which is 27% lower than the state average. The poverty rate is 9.5%.

Key Takeaways

Hanaford village Quick Facts

Population 327
Median Household Income $59,500
Median Home Value $56,100
Poverty Rate 9.5%
Unemployment Rate 6.5%
Median Age 44.6 years
Homeownership Rate 92.7%
Affordability Ratio 0.9x
Bachelor's Degree or Higher 3.7%
High School Graduation Rate 88.5%
Diversity Index 9/100
Population 327 1060th of 1,445
Median Income $59,500 below average
Poverty Rate 9.5% 24% lower national
Median Home Value $56,100 bottom 10%

How Hanaford village Compares

Economy & Housing

Employment

6.5% Unemployment Rate State: 5.8% | National: 5.2%
62.3% Labor Force Participation

Housing Overview

Owner 92.7%
Renter 7.4%
Affordability Index Very Affordable
0.9x home value to income ratio

People & Demographics

Diversity Index

9out 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

Hanaford village Rankings in Illinois

#1060 Population of 1,445
#880 Median Income of 1,445
#1346 Education of 1,445
#1304 Home Value of 1,445

Cities Similar to Hanaford village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Panama village327$60,096$60,8007.5%9.5%
Weldon village323$60,083$89,3009.5%13.0%
Seymour CDP333N/A$135,50011.7%15.3%
Belgium village326$61,591$75,9007.4%12.9%
Royal Lakes village318N/A$54,4003.9%30.5%

Population Overview

Hanaford village is a small community located in Illinois. The total population is 327. It ranks as the 1060th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Hanaford village is 44.6 years. This is 15% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Hanaford village is $59,500. This is 27% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 24% lower. The poverty rate stands at 9.5%. This is 19% lower than the state poverty rate of 11.7%. The unemployment rate is 6.5%. This is 12% higher than the state rate of 5.8%. The median home value is $56,100. Housing costs are 78% lower than the state median of $250,500. With a home-value-to-income ratio of just 0.9x, Hanaford village is one of the most affordable housing markets in the area. 92.7% of occupied housing units are owner-occupied. This homeownership rate is 39% higher than the state average of 66.8%.

Race & Ethnicity

Hanaford village has a predominantly White (non-Hispanic) population, comprising 95.4% of all residents. The White (non-Hispanic) population is significantly higher than the state average (95.4% vs 58.8%).

Education

3.7% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 90% lower 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 88.5%.

Data Sources & Methodology

All demographic data for Hanaford 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 Hanaford village, Illinois?

Hanaford village, Illinois has a population of 327 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in Hanaford village is $59,500, which is 24% lower the national median of $78,538.

What is the poverty rate in Hanaford village, IL?

The poverty rate in Hanaford village is 9.5%. This means approximately 31 residents live below the federal poverty line.

What is the racial makeup of Hanaford village, Illinois?

Hanaford village's population is 95.4% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.

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

The median home value in Hanaford village is $56,100. The home-value-to-income ratio is 0.9x.

How educated is Hanaford village, Illinois?

3.7% of adults (25+) in Hanaford village hold a bachelor's degree or higher, and 0.8% hold a graduate or professional degree.