Elco, IL demographics:
population, income, and more

Total population
133
-5.7% year-over-year change
Median household income
$54,779/yr
-2.5% year-over-year change
Housing units
76
-2.6% year-over-year change

Elco population

How many people live in Elco

Elco is home to 133 residents, according to the most recent Census data. Gender-wise, 52.6% of Elco locals are male, and 47.4% are female.

Total population
133
-5.7% year-over-year change
Gender ratio
Male
52.6%
70
Female
47.4%
63
Value Percent YoY change
Male 70 52.6% -2.8%
Female 63 47.4% -8.7%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Elco is 50, with the population distributed as follows: about 15% are children under 15, then 7.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 22.6% of the population, while another 27.8% fall into the 45 to 64 bracket. Finally, around 27.1% are 65 or older.

Median age
50.5
Age breakdown
Under 15
15%
15 to 24
7.5%
25 to 44
22.6%
45 to 64
27.8%
Over 65
27.1%
Value Percent YoY change
Under 15 20 15% -9.1%
15 to 24 10 7.5% -16.7%
25 to 44 30 22.6% -11.8%
45 to 64 37 27.8% 2.8%
Over 65 36 27.1% -2.7%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Elco, 98.5% of the population are US-born citizens, while 1.5% have gained naturalized citizenship. As for race, 68.2% of locals are Caucasian, 27.3% are African American and 0.8% have Asian roots. There’s also a share of 3.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.5%
Non-U.S.-born citizens
1.5%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 131 98.5% -5.8%
Non-U.S.-born citizens 2 1.5% 0.0%
Racial breakdown
White
68.2%
Black or African American
27.3%
American Indian and Alaska Native
0%
Asian
0.8%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.8%
Other
0%
Value Percent
White 90 68.2%
Black or African American 36 27.3%
Asian 1 0.8%
Two or more races 5 3.8%

Households in Elco

A peek inside Elco households

Elco has 57 households, with an average of 2 members in each. Of these, 57.9% are families, while the remaining 42.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
57
1.8% year-over-year change
Average people per household
2
Non-family households
24
Family households
33
Value Percent YoY change
Non-family households 24 42.1% -7.7%
Family households 33 57.9% 10.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Elco

The housing landscape of Elco

Elco's housing consists of 76 units, with 70.1% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 27.3% of the housing landscape.

Housing units
76
-2.6% year-over-year change
Housing types
Value Percent
1 unit, detached 54 70.1%
5 to 9 units 2 2.6%
Mobile home 21 27.3%
Homes built since 2020
% year-over-year change

The age of buildings in Elco

In Elco, the median construction year is 1983. About 5.3% of homes were built before the 1940s, with another 5.3% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 4 5.3% 33.3%
Built between 1940 and 1949 4 5.3% 33.3%
Built between 1950 and 1959 4 5.3% 33.3%
Built between 1960 and 1969 8 10.5% 60.0%
Built between 1970 and 1979 15 19.7% -21.1%
Built between 1980 and 1989 9 11.8% 28.6%
Built between 1990 and 1999 13 17.1% -38.1%
Built between 2000 and 2009 9 11.8% 28.6%
Built between 2010 and 2019 10 13.2% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Elco occupancy rates

Out of the 57 occupied housing units in Elco, 86% are owner-occupied, while 14% are lived in by tenants. Meanwhile, 25% of all homes on the local market sit vacant.

Occupied housing units
57
1.8% year-over-year change
Occupancy breakdown
Renter occupied
8
Owner occupied
49
Value Percent YoY
change
Renter occupied 8 14% 0.0%
Owner occupied 49 86% 2.1%
Unoccupied housing units
25.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Elco housing costs

Housing costs in Elco come to a median of $589 per month, while tenants specifically pay a median gross rent of $493.

Median housing costs per month
$589/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Elco
$493/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Elco

Elco education at a glance

About 49.1% of the population in Elco went to high school, while 20.9% pursued college studies. Another 10% earned an associate degree and 7.3% hold a bachelor’s. Meanwhile, 8.2% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 5 4.6% 0.0%
High school diploma 54 49.1% 5.9%
College diploma 23 20.9% -30.3%
Associate degree 11 10% 22.2%
Bachelor's degree 8 7.3% 14.3%
Graduate degree 9 8.2% -18.2%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Elco

How much people earn in Elco

The average annual household income in Elco was $69,424 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +5.2% change from the previous year. At the same time, the median income stood at $54,779, reflecting a -2.4% shift over the same period.

Average household income in Elco
$69,424/year
5.2% year-over-year change
Median household income in Elco
$54,779/year
-2.5% year-over-year change

Elco income by age

In Elco, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $120,372. Those with someone between 45 and 64 in charge, often well established professionally, earn $51,196 overall. Overall, 83.5% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $120,372 4.5%
45 - 64 $51,196 23.3%
Over 65 $59,000 -0.8%
Above poverty level
106
Below poverty level
21
Value Percent YoY
change
Above poverty level 106 83.5% -6.2%
Below poverty level 21 16.5% -8.7%

Employment in Elco

Workforce and job types in Elco

72.7% of the working population are employed in professional or administrative positions, while 27.3% are in hands-on or service-based jobs. Also, 3.6% run their own businesses, 58.2% are employed by private companies, and 32.7% work in the public sector.

Workforce demographics

White collar
40
Blue collar
15
Value Percent YoY change
White collar 40 72.7% 8.1%
Blue collar 15 27.3% -11.8%
Employer type
Self employees
3.6%
Private companies
58.2%
Governmental workers
32.7%
Not for profit companies
5.4%
Value Percent YoY change
Self employees 2 3.6% 100.0%
Private companies 32 58.2% 3.2%
Governmental workers 18 32.7% -10.0%
Not for profit companies 3 5.4% 50.0%

Transportation in Elco

How people get around in Elco

Commuting methods vary: 97.7% of residents travel by personal vehicle and 2.3% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 43 97.7% -6.5%
Walk 1 2.3% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Elco by zipcode?

Zipcode Population Number of households Median income Average income
62988 1,149 497 $54,779 $69,424

Explore more communities

FAQs about Elco demographics 

What is the total population of Elco?

Elco has a total population of 133 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -5.7% compared to a year ago.

What is the gender ratio in Elco?

The gender ratio in Elco is as follows:
  • 52.6% males (70 residents)
  • 47.4% females (63 residents)

What is the median age in Elco?

The median age in Elco is 50.5.

What is the age distribution of the population in Elco?

The age distribution in Elco is as follows:
  • Under 15: 15% (20 residents)
  • Ages 15-24: 7.5% (10 residents)
  • Ages 25-44: 22.6% (30 residents)
  • Ages 45-64: 27.8% (37 residents)
  • Over 65: 27.1% (36 residents)

What is the racial and ethnic makeup of Elco?

The racial and ethnic makeup of Elco is as follows:
  • White: 68.2% (90 residents)
  • Black or African American: 27.3% (36 residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 0.8% (1 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 3.8% (5 residents)
  • Other: 0% ( residents)

What percentage of the population in Elco are U.S.-born citizens?

U.S.-born citizens represent 98.5% of the population in Elco.

How many housing units are there in Elco?

There are 76 housing units in Elco, reflecting a -2.6% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Elco and what is the average household size?

Elco has a total of 57 households, with an average of 2 people in each.

What is the median household income in Elco?

Elco has a median household income of $54,779, representing a -2.5% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Elco?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 72.7% (40 residents)
  • Blue-collar workers: 27.3% (15 residents)

Places of employment:
  • Self-employed: 3.6% (2 residents)
  • Private companies: 58.2% (32 residents)
  • Governmental workers: 32.7% (18 residents)
  • Not-for-profit companies: 5.4% (3 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025