What is the median household income in Cerro Gordo, IL?
The median household income in Cerro Gordo, IL is $77,857 (±$20,014) a year (2020–2024 American Community Survey).
Paying the median gross rent of $846 a month would take about $33,800 a year at the common guideline of spending no more than 30% of income on rent.
In Cerro Gordo, the median household income went from $55,089 in 2015–2019 to $77,857 in 2020–2024 (+41.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $77,857 (±$20,014)
- Median renter income
- $51,544 (±$24,776)
- Income to afford median rent
- about $33,800
Income in Cerro Gordo against Piatt County, its state and the nation
| Cerro Gordo | Piatt County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $77,857 (±$20,014) | $94,811 (±$8,069) | $83,390 (±$362) | $80,734 |
| Median renter household income | $51,544 (±$24,776) | $63,785 (±$21,106) | $50,420 (±$471) | $52,966 |
| Median owner household income | $85,966 (±$19,373) | $97,473 (±$5,839) | $103,505 (±$377) | $100,009 |
| Median gross rent | $846 (±$294) | $1,046 (±$175) | $1,274 (±$5) | $1,413 |
In Cerro Gordo, median household income is not measurably different from Piatt County ($94,811).
It is not measurably different from Illinois ($83,390).
It is not measurably different from the national figure ($80,734).
In Piatt County, Cerro Gordo ranks 10 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1143 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Cerro Gordo
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $846 a month ($10,152 a year) needs an income of about $33,800 a year.
The median renting household in Cerro Gordo earns $51,544 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $55,089 (±$12,379) | $77,857 (±$20,014) | +41.3% | No measurable change after inflation |
| Median gross rent | $650 (±$311) | $846 (±$294) | +30.2% | No measurable change after inflation |
| Median home value | $92,100 (±$6,362) | $109,200 (±$7,839) | +18.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Cerro Gordo
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Cerro Gordo | — | $77,857 (±$20,014) | — |
| Oakley Township | 3.0 mi | $112,563 (±$60,414) | Not measurably different |
| Cerro Gordo Township | 3.8 mi | $86,193 (±$13,650) | Not measurably different |
| Long Creek Township | 6.8 mi | $85,279 (±$4,564) | Not measurably different |
| Whitmore Township | 6.9 mi | $76,607 (±$15,595) | Not measurably different |
| Willow Branch Township | 7.3 mi | $88,929 (±$17,188) | Not measurably different |
| Oreana | 7.9 mi | $89,000 (±$17,913) | Not measurably different |
| Argenta | 8.0 mi | $73,482 (±$11,053) | Not measurably different |
| Long Creek | 8.3 mi | $78,519 (±$8,575) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Piatt County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 4 | Willow Branch Township | $88,929 (±$17,188) |
| 5 | Blue Ridge Township | $86,705 (±$9,825) |
| 6 | Cerro Gordo Township | $86,193 (±$13,650) |
| 7 | Unity Township | $80,536 (±$17,256) |
| 8 | Bement Township | $79,167 (±$12,270) |
| 9 | Mansfield | $78,750 (±$10,740) |
| 10 | Cerro Gordo | $77,857 (±$20,014) |
| 11 | Hammond | $77,019 (±$14,259) |
| 12 | Bement | $76,250 (±$11,623) |
| 13 | Atwood | $62,383 (±$6,467) |
| 14 | Goose Creek Township | $59,417 (±$16,784) |
| 15 | Cisco | $50,625 (±$14,427) |
| 16 | De Land | $50,000 (±$13,366) |
Showing 13 of 16 places in Piatt County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cerro Gordo
What is the median household income in Cerro Gordo?
The median household income in Cerro Gordo is $77,857 (±$20,014) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Cerro Gordo?
About $33,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $846 a month.
Have incomes in Cerro Gordo kept up with inflation?
In Cerro Gordo, the median household income went from $55,089 in 2015–2019 to $77,857 in 2020–2024 (+41.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Cerro Gordo?
The median renting household in Cerro Gordo, IL earns $51,544 (±$24,776) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cerro Gordo village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cerro Gordo village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cerro Gordo village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Cerro Gordo village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cerro Gordo village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cerro Gordo village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cerro Gordo village, Illinois (place:12268, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Cerro Gordo at a glance
- Renters and owners in Cerro Gordo
- Home values in Cerro Gordo
- Homeowner costs in Cerro Gordo
- Property taxes in Cerro Gordo
- Types of homes in Cerro Gordo
- Bedrooms in Cerro Gordo
- Age of homes in Cerro Gordo
- Heating fuel in Cerro Gordo
- Commute and cars in Cerro Gordo
- Population growth in Cerro Gordo
- Illinois landlord and tenant rules
- Housing across Piatt County
- Illinois places ranked by median household income
- Housing data for every place in Illinois