At a Glance
Median Income
$48,684
$32,037 per capita
Home Value
$98,300
Zillow: $199,770
Median Rent
$565/mo
22.7% of income on rent
Bachelor's Degree+
13.9%
94.1% high school+
Unemployment
0.4%
1.5% poverty rate
Obesity Rate
36.7%
18.1% smoking rate
How Beloit Compares to the U.S. Average
Each bar shows Beloit's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Beloit a Good Place to Live?
B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Beloit residents earn a median household income of $48,684 , which is 35% below the national average of $75,149.
Per capita income is $32,037. The unemployment rate stands at 0.4% (89% below the U.S. rate of 3.6%). 1.5% of residents live below the poverty line. The area is home to 2,244 business establishments, including 179 restaurants.
Housing & Cost of Living
The median home value in Beloit is $98,300 , 65% below the national median of $281,900.
Zillow estimates the typical home at $199,770. Median rent is $565/month, with 22.7% of renters spending more than 30% of income on housing. The cost of living index is 92.8 (100 = national average). The median home was built in 1947.
Education
13.9% of adults in Beloit hold a bachelor's degree or higher
(59% below the national average).
94.1% have completed high school. Local schools score 5.7/10 in standardized testing.
Climate & Weather
Beloit has an average annual temperature of 50°F (10°C).
Winters average 26°F in January while summers reach 71°F in July. Annual precipitation totals 41.0 inches.
Data Overview
People
Population995
Median Age49.3 yrs
Density1,015/mi²
Male / Female48% / 52%
Foreign Born0.0%
Veterans8.6%
Economy
A
Median Income$48,684
Per Capita$32,037
Unemployment0.4%
Poverty1.5%
County GDP$4,813M
Avg Weekly Wage$948
Housing
A+
Home Value$98,300
Rent$565
Ownership80.2%
Zillow$199,770
Housing Units544
Rent Burden22.7%
Health
Obesity36.7%
Diabetes10.2%
Smoking18.1%
Heart Disease5.9%
Premature Death10,611/100K
Climate
Avg Temp50°F
Rain41.0 in/yr
Elevation1,124 ft
Education
C
Bachelor's+13.9%
High School+94.1%
Graduate+5.6%
School Score5.7/10
Community
2024 VoteR 74% / D 25%
Commute24 min
Broadband82.0%
Internet Speed104 Mbps
EV Stations4
Libraries7
Did You Know?
The median home in Beloit was built in 1947.
The nearest airport is Akron-Canton Regional (23 miles).
The Gini coefficient (income inequality) is 0.439 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
11.5% of the population has a disability.
Average internet download speed is 104 Mbps.
There are 179 restaurants in the area.
The county recorded 11 fatal vehicle crashes.