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Lomax village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.6x is exceptionally low

As of 2026, Lomax village, Illinois has a total population of 321, the 1069th largest city in Illinois, with a median household income of $51,875, which is 37% lower than the state average. The poverty rate is 13.7%.

Key Takeaways

Lomax village Quick Facts

Population 321
Median Household Income $51,875
Median Home Value $81,400
Poverty Rate 13.7%
Unemployment Rate 4.3%
Median Age 41.9 years
Homeownership Rate 83.9%
Affordability Ratio 1.6x
Bachelor's Degree or Higher 16.7%
High School Graduation Rate 93.7%
Diversity Index 26/100
Population 321 1069th of 1,445
Median Income $51,875 bottom 30%
Poverty Rate 13.7% 10% higher national
Median Home Value $81,400 bottom 30%

How Lomax village Compares

Economy & Housing

Employment

4.3% Unemployment Rate State: 5.8% | National: 5.2%
46.4% Labor Force Participation

Housing Overview

Owner 83.9%
Renter 16.1%
Affordability Index Very Affordable
1.6x home value to income ratio

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: 60 | National average: 60

Education

Lomax village Rankings in Illinois

#1069 Population of 1,445
#1097 Median Income of 1,445
#778 Education of 1,445
#1086 Home Value of 1,445

Cities Similar to Lomax village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Beaverville village321$51,250$95,9003.7%24.9%
Royal Lakes village318N/A$54,4003.9%30.5%
Table Grove village318$52,083$72,30010.7%22.3%
Seymour CDP333N/A$135,50011.7%15.3%
New Douglas village320$48,500$85,5009.3%15.7%

Population Overview

Lomax village is a small community located in Illinois. The total population is 321. It ranks as the 1069th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Lomax village is 41.9 years. This is 8% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Lomax village is $51,875. This is 37% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 34% lower. The poverty rate stands at 13.7%. This is 17% higher than the state poverty rate of 11.7%. The unemployment rate is 4.3%. This is 26% lower than the state rate of 5.8%. The median home value is $81,400. Housing costs are 68% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.6x, Lomax village is one of the most affordable housing markets in the area. 83.9% of occupied housing units are owner-occupied. This homeownership rate is 26% higher than the state average of 66.8%.

Race & Ethnicity

Lomax village has a predominantly White (non-Hispanic) population, comprising 85.0% of all residents. Hispanic or Latino residents account for 14.0%.

Education

16.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% 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 93.7%.

Data Sources & Methodology

All demographic data for Lomax 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 Lomax village, Illinois?

Lomax village, Illinois has a population of 321 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in Lomax village is $51,875, which is 34% lower the national median of $78,538.

What is the poverty rate in Lomax village, IL?

The poverty rate in Lomax village is 13.7%. This means approximately 44 residents live below the federal poverty line.

What is the racial makeup of Lomax village, Illinois?

Lomax village's population is 85.0% White, 0.0% Black, 14.0% Hispanic/Latino, and 0.0% Asian.

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

The median home value in Lomax village is $81,400. The home-value-to-income ratio is 1.6x.

How educated is Lomax village, Illinois?

16.7% of adults (25+) in Lomax village hold a bachelor's degree or higher, and 7.2% hold a graduate or professional degree.