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Lomax, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
318
Population
$51,875
Median Income
$79,000
Home Value
41.9
Median Age

Demographics

Lomax has a population of 318 with a median age of 41.9. Here is the racial and ethnic breakdown of the population:

White
85.5%
Hispanic
13.5%
Asian
0.9%
Demographic Value
Total Population318
Median Age41.9
White85.5%
Asian0.9%
Hispanic or Latino13.5%
Lomax, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 85.6%Hispanic/Latino: 13.5%Other: 0.9%318PopulationWhiteWhite85.6%Hispanic/LatinoHispanic/Latino13.5%OtherOther0.9%

Income & Economy

The median household income in Lomax is $51,875, which is 35.6% below the national median of $80,610. The per capita income is $29,132. The poverty rate is 11.0%.

$51,875
Median Household Income
$29,132
Per Capita Income
11.0%
Poverty Rate

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Education

In Lomax, 93.3% of residents age 25+ have a high school diploma or higher, and 17.4% hold a bachelor's degree or higher (6.7% with a graduate or professional degree).

HS Diploma+
93.3%
Bachelor's+
17.4%
Graduate+
6.7%
Education Level % of Adults (25+)
High School Diploma or Higher93.3%
Bachelor's Degree or Higher17.4%
Graduate or Professional Degree6.7%

Housing

The median home value in Lomax is $79,000, below the national median of $303,400. The median monthly rent is $810. The homeownership rate is 81.3%.

$79,000
Median Home Value
$810/mo
Median Rent
81.3%
Homeownership Rate
Housing Metric Value
Median Home Value$79,000
Median Monthly Rent$810
Homeownership Rate81.3%
Vacancy Rate20.1%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Lomax, Illinois?
The population of Lomax, Illinois is 318 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lomax, Illinois?
The median household income in Lomax, Illinois is $51,875. This is 35.6% below the national median of $80,610.
What is the median home value in Lomax, Illinois?
The median home value in Lomax, Illinois is $79,000. The median monthly rent is $810.
What percentage of people in Lomax have a college degree?
In Lomax, Illinois, 17.4% of adults age 25 and older hold a bachelor's degree or higher, and 93.3% have a high school diploma or higher.
Is Lomax, Illinois an affordable place to live?
The home price-to-income ratio in Lomax, Illinois is 1.5x (median home value $79,000 vs. median income $51,875), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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