Mahomet, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Mahomet, Illinois had a total population of 10,049, the 226th largest village in Illinois, with a median household income of $118,586, which is 42% higher than the state average. The poverty rate is 3.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 42% above the state average — one of the wealthiest communities in Illinois.
- An exceptionally low poverty rate of 3.8% — among the lowest in Illinois.
- 54.2% of adults hold a bachelor's degree or higher — top 10% in Illinois.
Mahomet Quick Facts
How Mahomet Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 9,755 | 10,049 | +3.0% |
| Median household income | $114,904 | $118,586 | +3.2% |
| Median home value | $293,200 | $299,100 | +2.0% |
How Mahomet Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Mahomet Rankings in Illinois
Explore Illinois Rankings
Other Cities in Champaign County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Champaign | 89,996 | $56,118 | 25.9% | $210,900 |
| Urbana | 39,341 | $45,346 | 28.0% | $184,900 |
| Rantoul | 12,421 | $48,691 | 16.9% | $118,200 |
| Savoy | 8,968 | $91,966 | 7.9% | $320,300 |
| St. Joseph | 3,778 | $120,789 | 4.1% | $270,900 |
| Tolono | 3,566 | $69,653 | 4.6% | $208,600 |
| Lake of the Woods | 2,091 | $61,625 | 4.7% | $193,500 |
| Fisher | 1,605 | $97,702 | 2.1% | $190,100 |
| Philo | 1,487 | $105,625 | 10.3% | $205,400 |
| Homer | 1,245 | $85,875 | 11.0% | $146,200 |
Cities Similar to Mahomet
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Winfield | 10,095 | $135,795 | $386,300 | 59.7% | 3.2% |
| Frankfort Square | 9,560 | $126,897 | $305,800 | 32.9% | 6.4% |
| Itasca | 9,355 | $114,294 | $390,800 | 52.9% | 2.0% |
| Sugar Grove | 9,240 | $121,207 | $401,900 | 45.9% | 4.7% |
| Pingree Grove | 10,914 | $114,294 | $320,800 | 42.9% | 1.2% |
Population Overview
Mahomet is a small city located in Illinois, within Champaign County. The total population is 10,049. It ranks as the 226th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Mahomet is 37.7 years. This is 3% lower than the state median of 39.0 years. With 31.6% of the population under 18, Mahomet has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Mahomet is $118,586. This is 42% higher than the state median of $83,390. It is also 47% higher than the national median of $80,734. The poverty rate stands at 3.8%. This is 68% lower than the state poverty rate of 11.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.5%. This is 40% lower than the state rate of 5.8%. The median home value is $299,100. Housing costs are 14% higher than the state median of $263,300. With a home-value-to-income ratio of just 2.5x, Mahomet is one of the most affordable housing markets in the area. 79.5% of occupied housing units are owner-occupied. This homeownership rate is 18% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Mahomet is White (non-Hispanic), making up 81.6% of the population. Hispanic or Latino residents account for 7.5%. The Black or African American population (0.3%) is well below the state average of 13.3%. The Hispanic or Latino population (7.5%) is well below the state average of 18.8%.
Education
54.2% of residents aged 25 and older hold a bachelor's degree or higher. This places Mahomet in the top 10% of all cities in the state for educational attainment. This is 43% higher 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 96.0%. Notably, 26.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Mahomet, 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.
Free data download: Get all Illinois city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Mahomet, Illinois?
Mahomet, Illinois has a population of 10,049 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Mahomet, IL?
The median household income in Mahomet is $118,586, which is 47% higher than the national median of $80,734.
What is the poverty rate in Mahomet, IL?
The poverty rate in Mahomet is 3.8%. This means approximately 376 residents live below the federal poverty line.
What is the racial makeup of Mahomet, Illinois?
Mahomet's population is 81.6% White, 0.3% Black, 7.5% Hispanic/Latino, and 5.8% Asian.
What is the median home value in Mahomet, IL?
The median home value in Mahomet is $299,100. The home-value-to-income ratio is 2.5x.
How educated is Mahomet, Illinois?
54.2% of adults (25+) in Mahomet hold a bachelor's degree or higher, and 26.2% hold a graduate or professional degree.