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Jerome, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 2.0x is exceptionally low

During the 2020–2024 ACS period, Jerome, Illinois had a total population of 1,807, the 533rd largest village in Illinois, with a median household income of $65,189, which is 22% lower than the state average. The poverty rate is 6.4%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Jerome Quick Facts

Population 1,807
Median Household Income $65,189
Median Home Value $127,800
Poverty Rate 6.4%
Unemployment Rate 2.8%
Median Age 35.6 years
Homeownership Rate 70.4%
Affordability Ratio 2.0x
Bachelor's Degree or Higher 29.8%
High School Graduation Rate 97.8%
Diversity Index 26/100
Population 1,807 533rd of 1,445
Median Income $65,189 average
Poverty Rate 6.4% 48% lower than national
Median Home Value $127,800 average

How Jerome Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,9101,807-5.4%
Median household income$55,777$65,189+16.9%
Median home value$116,700$127,800+9.5%

How Jerome Compares

Economy & Housing

Household Income Distribution

Under $25K 9.9%
$25K-$50K 24.8%
$50K-$100K 41.6%
$100K+ 23.7%
Detailed income brackets
Under $10K
4.4%
$10K-$15K
0.0%
$15K-$20K
3.7%
$20K-$25K
1.8%
$25K-$30K
1.4%
$30K-$35K
5.5%
$35K-$40K
7.4%
$40K-$45K
5.7%
$45K-$50K
4.9%
$50K-$60K
12.5%
$60K-$75K
15.3%
$75K-$100K
13.8%
$100K-$125K
11.0%
$125K-$150K
5.0%
$150K-$200K
3.7%
$200K+
4.1%

Employment

2.8% Unemployment Rate State: 5.8%|National: 5.2%
74.0% Labor Force Participation

Housing Overview

Owner 70.4%
Renter 29.6%
Affordability Index Very Affordable
2.0x home value to income ratio
Median gross rent $951/mo 17.5% of median household income annually

People & Demographics

Diversity Index

26out of 100
Low Diversity

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

State average: 61 | National average: 61

Education

Jerome Rankings in Illinois

#533 Population of 1,445
#773 Median Income of 1,374
#332 Education of 1,444
#652 Home Value of 1,372

Other Cities in Sangamon County

CityPopulationMedian IncomePovertyHome Value
Springfield 113,330 $66,064 16.8% $162,100
Chatham 14,639 $106,773 3.3% $243,200
Sherman 4,386 $148,906 2.2% $297,800
Auburn 4,306 $81,411 8.1% $149,600
Rochester 3,766 $117,118 2.5% $238,900
Riverton 3,513 $80,920 0.9% $152,200
Virden 3,171 $80,577 10.2% $101,300
Pawnee 2,738 $81,103 14.2% $149,500
Southern View 1,751 $57,270 14.9% $105,300
Leland Grove 1,517 $130,833 2.9% $274,300

Cities Similar to Jerome

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Prophetstown1,903$65,125$116,60014.8%11.7%
Farmer City1,885$67,067$138,50017.5%8.2%
Thomson1,757$61,250$117,0004.4%21.3%
Steeleville1,855$60,313$158,50012.6%22.5%
Lacon1,916$63,162$121,9009.7%14.8%

Population Overview

Jerome is a small community located in Illinois, within Sangamon County. The total population is 1,807. It ranks as the 533rd most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Jerome is 35.6 years. This is 9% lower than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Jerome is $65,189. This is 22% lower than the state median of $83,390. It is also 19% lower than the national median of $80,734. The poverty rate stands at 6.4%. This is 46% lower than the state poverty rate of 11.8%. The unemployment rate is 2.8%. This is 52% lower than the state rate of 5.8%. The median home value is $127,800. Housing costs are 51% lower than the state median of $263,300. With a home-value-to-income ratio of just 2.0x, Jerome is one of the most affordable housing markets in the area. 70.4% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 67.1%.

Race & Ethnicity

Jerome has a predominantly White (non-Hispanic) population, comprising 85.9% of all residents. Hispanic or Latino residents account for 5.3%. The Black or African American population (4.2%) is well below the state average of 13.3%. The Hispanic or Latino population (5.3%) is well below the state average of 18.8%. The Asian population (0.9%) is well below the state average of 5.9%.

Education

29.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 21% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.8%.

Data Sources & Methodology

All demographic data for Jerome, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Jerome, Illinois?

Jerome, Illinois has a population of 1,807 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Jerome, IL?

The median household income in Jerome is $65,189, which is 19% lower than the national median of $80,734.

What is the poverty rate in Jerome, IL?

The poverty rate in Jerome is 6.4%. This means approximately 116 residents live below the federal poverty line.

What is the racial makeup of Jerome, Illinois?

Jerome's population is 85.9% White, 4.2% Black, 5.3% Hispanic/Latino, and 0.9% Asian.

What is the median home value in Jerome, IL?

The median home value in Jerome is $127,800. The home-value-to-income ratio is 2.0x.

How educated is Jerome, Illinois?

29.8% of adults (25+) in Jerome hold a bachelor's degree or higher, and 7.1% hold a graduate or professional degree.