Iola village, Illinois Demographics & Population 2026

Population Overview

Iola village is a small community located in Illinois. The total population is 71. It ranks as the 1379th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Iola village is 57.3 years. This is 47% higher than the state median of 38.9 years. Only 9.9% of residents are under 18, indicating fewer families with children. 12.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Iola village is $45,000. This is 45% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 43% lower. The poverty rate stands at 15.5%. This is 32% higher than the state poverty rate of 11.7%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 5.8%. The median home value is $71,700. Housing costs are 71% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.6x, Iola village is one of the most affordable housing markets in the area. 80.6% of occupied housing units are owner-occupied. This homeownership rate is 21% higher than the state average of 66.8%.

Race & Ethnicity

Iola village has a predominantly White (non-Hispanic) population, comprising 100.0% of all residents. The White (non-Hispanic) population is significantly higher than the state average (100.0% vs 58.8%).

Education

5.2% 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 86% 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 82.8%.

Data Sources & Methodology

All demographic data for Iola 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.