Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 34.5 yrs |
|---|---|
| Avg HH Size | 2.71 |
| Below Poverty | 4.2% ▼ 58% below avg |
| College Grads | 53.7% ▲ 39% above avg |
| Unemployment | 0.4% ▼ 92% below avg |
| HS Graduate | 120 (21.6%) |
| Some College | 70 (12.6%) |
| Associates | 67 (12.1%) |
| Bachelors | 73 (13.2%) |
| Graduate Degree | 225 (40.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $96,750 ▲ 27% above avg |
|---|---|
| Median Home Value | $229,600 ▼ 18% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $940/mo |
| Total Housing Units | 374 |
| Vacant Units | 15 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hamel is a city in Illinois, located in Madison County. The city spans 1 ZIP code and is home to approximately 974 residents. It is a relatively young city, with a median age of 34.5 years.
Economically, Hamel is a middle-income community. The median household income of $96,750 is above the national average. Approximately 4.2% of residents live below the poverty line. The unemployment rate is 0.4%, well below the national average.
The real estate market in Hamel is an affordable housing market. Median home values stand at $229,600, which is below the national average. Renters typically pay around $940 per month. Homeownership is high at 78.8%, typical of suburban and family-oriented communities.
The population of Hamel is well-educated. 53.7% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (95.69%).
Hamel, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 62046 | 974 | $96,750 | $229,600 | $940 | 0.4% | 53.7% | 78.8% |