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Mill Shoals, Illinois Demographics & Population 2026

During the 2020–2024 ACS period, Mill Shoals, Illinois had a total population of 126, the 1303rd largest village in Illinois, with a median household income of $58,875, which is 29% lower than the state average. The poverty rate is 13.5%.

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

Key Takeaways

Mill Shoals Quick Facts

Population 126
Median Household Income $58,875
Median Home Value $65,800
Poverty Rate 13.5%
Unemployment Rate 3.8%
Median Age 56.5 years
Homeownership Rate 91.0%
Affordability Ratio 1.1x
Bachelor's Degree or Higher 17.5%
High School Graduation Rate 84.5%
Diversity Index 8/100
Population 126 1303rd of 1,445
Median Income $58,875 below average
Poverty Rate 13.5% 8% higher than national
Median Home Value $65,800 bottom 10%

How Mill Shoals 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
Population138126-8.7%
Median household income$58,542$58,875+0.6%
Median home value$60,000$65,800+9.7%

How Mill Shoals Compares

Economy & Housing

Household Income Distribution

Under $25K 26.9%
$25K-$50K 13.4%
$50K-$100K 41.8%
$100K+ 17.9%
Detailed income brackets
Under $10K
6.0%
$10K-$15K
9.0%
$15K-$20K
7.5%
$20K-$25K
4.5%
$25K-$30K
0.0%
$30K-$35K
6.0%
$35K-$40K
6.0%
$40K-$45K
0.0%
$45K-$50K
1.5%
$50K-$60K
16.4%
$60K-$75K
17.9%
$75K-$100K
7.5%
$100K-$125K
4.5%
$125K-$150K
9.0%
$150K-$200K
0.0%
$200K+
4.5%

Employment

3.8% Unemployment Rate State: 5.8%|National: 5.2%
46.9% Labor Force Participation

Housing Overview

Owner 91.0%
Renter 9.0%
Affordability Index Very Affordable
1.1x home value to income ratio

People & Demographics

Diversity Index

8out of 100
Very Low Diversity

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

State average: 61 | National average: 61

Education

Mill Shoals Rankings in Illinois

#1303 Population of 1,445
#955 Median Income of 1,374
#748 Education of 1,444
#1247 Home Value of 1,372

Other Cities in Wayne County

CityPopulationMedian IncomePovertyHome Value
Fairfield 4,561 $41,989 17.7% $88,800
Wayne City 920 $54,643 14.5% $98,300
Cisne 627 $59,926 6.5% $76,600
Jeffersonville 263 $49,583 15.3% $56,400
Mount Erie 135 N/A 30.5% $94,300
Sims 123 $48,194 11.4% $44,200
Golden Gate 87 $16,020 27.6% N/A
Johnsonville 72 $55,313 48.6% N/A
Keenes 58 $59,375 20.7% N/A

Cities Similar to Mill Shoals

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Walnut Hill127N/A$31,6009.1%47.2%
Old Ripley125$62,188$81,3002.9%13.6%
Eagle Lake131N/AN/A26.7%0.0%
Kingston132N/AN/A14.3%82.6%
Otterville126$65,991$66,0001.7%12.8%

A note before these figures: with a population of 126, Mill Shoals's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Mill Shoals is a small community located in Illinois, within Wayne County. The total population is 126. It ranks as the 1303rd most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Mill Shoals is 56.5 years. This is 45% higher than the state median of 39.0 years. Only 10.3% of residents are under 18, indicating fewer families with children. 14.3% 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 Mill Shoals is $58,875. This is 29% lower than the state median of $83,390. It is also 27% lower than the national median of $80,734. The poverty rate stands at 13.5%. This is 14% higher than the state poverty rate of 11.8%. The unemployment rate is 3.8%. This is 35% lower than the state rate of 5.8%. The median home value is $65,800. Housing costs are 75% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.1x, Mill Shoals is one of the most affordable housing markets in the area. 91.0% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 67.1%.

Race & Ethnicity

Mill Shoals has a predominantly White (non-Hispanic) population, comprising 96.0% of all residents. Asian residents account for 3.2%. The White (non-Hispanic) population is significantly higher than the state average (96.0% vs 58.1%). The Hispanic or Latino population (0.8%) is well below the state average of 18.8%.

Education

17.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 54% 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 84.5%.

Data Sources & Methodology

All demographic data for Mill Shoals, 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 Mill Shoals, Illinois?

Mill Shoals, Illinois has a population of 126 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Mill Shoals, IL?

The median household income in Mill Shoals is $58,875, which is 27% lower than the national median of $80,734.

What is the poverty rate in Mill Shoals, IL?

The poverty rate in Mill Shoals is 13.5%. This means approximately 17 residents live below the federal poverty line.

What is the racial makeup of Mill Shoals, Illinois?

Mill Shoals's population is 96.0% White, 0.0% Black, 0.8% Hispanic/Latino, and 3.2% Asian.

What is the median home value in Mill Shoals, IL?

The median home value in Mill Shoals is $65,800. The home-value-to-income ratio is 1.1x.

How educated is Mill Shoals, Illinois?

17.5% of adults (25+) in Mill Shoals hold a bachelor's degree or higher, and 6.8% hold a graduate or professional degree.