Coles County, Illinois: commercial real estate data.
Coles County, Illinois has a population of 46,777 across 508 square miles, down 1.6 percent since the 2020 census base. County output reached $3.51 bn in 2024, 1,112 establishments operate here, and the SBA record carries 17 7(a) approvals worth $6.3 m.
123 sourced county values · tier FULL · 12 sections
Coles County
How many people live in Coles County
- Population46,777
- Households20,824
- Average household size2.25
- Median household income$56,478
- Median age37.5
- Median gross rent$780 per month
- Median owner-occupied home value$127,400
- Home value to household income2.3 times
- Annual rent as a share of median income16.6 percent
- Adults 25 and over with a bachelor degree or higher26.9 percent
- Adults 25 and over with a graduate degree11.1 percent
- Adults 25 and over30,304
- Population under 188,549
- Share under 1818.3 percent
- Population 65 and over8,592
- Share 65 and over18.4 percent
- Working age population, 18 to 6429,636
- Civilian labor force23,791
- Unemployment rate6.1 percent
- Labor force participation, adults 18 and over62.2 percent
- Rank by population among Illinois counties31st of 102
- Rank by population among US county-equivalents1063rd
Coles County is the 31st largest of 102 Illinois counties by population. A median home costs 2.3 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 18.4 percent against 18.3 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Coles County
Is Coles County growing
- Population change since the 2020 census base-1.63 percent
- Census 2020 base population47,192
- Births, 2024462
- Deaths, 2024576
- Natural change, 2024-114
- Net domestic migration, 2024-191
- Net international migration, 2024196
- Total net migration, 20245
- Cumulative net domestic migration, 2021 to 2024-619
- Rank by growth among US county-equivalents2398th
The county has lost 1.63 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Coles County
Where people moving to Coles County come from
- Tax returns filed by households arriving1,077
- People arriving, from those returns1,810
- Adjusted gross income arriving$49.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$45,545
- Largest single originColes County Non-migrants (16,613 households)
- Largest single destination (16,613 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Coles County Non-migrants | 16,613 | 32,438 | $1.20 bn |
| Other flows - Different State | 339 | 594 | $18.1 m |
| Other flows - Same State | 240 | 350 | $10.3 m |
| Other flows - South | 132 | 223 | $7.8 m |
| Other flows - Midwest | 130 | 235 | $6.8 m |
| Other flows - West | 77 | 136 | $3.5 m |
| Douglas County | 74 | 135 | $3.7 m |
| Champaign County | 68 | 97 | $2.7 m |
The largest single source of arrivals is Coles County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coles County
What the Coles County economy runs on
- County GDP, 2024$3.51 bn
- County GDP, 2023$3.33 bn
- GDP change, 2023 to 20245.5 percent
- GDP change over five years38.6 percent
- Rank by GDP among Illinois counties26th
- Rank by GDP among US county-equivalents892nd
- GDP per resident$75,014
Output grew 5.5 percent in the latest year and 38.6 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Coles County
Who employs people in Coles County
- Covered employment, annual average23,930
- Establishments reporting1,032
- Average annual pay$52,987
- Average weekly wage$1,019
- Sector 62, employment6,880
- Sector 62, average annual pay$59,113
- Sector 44-45, employment2,483
- Sector 44-45, average annual pay$33,405
- Sector 72, employment1,971
- Sector 72, average annual pay$20,230
- Sector 31-33, employment1,569
- Sector 31-33, average annual pay$73,225
- Sector 56, employment1,466
- Sector 23, employment795
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 6,880 | 127 | $59,113 |
| Sector 44-45 | 2,483 | 142 | $33,405 |
| Sector 72 | 1,971 | 116 | $20,230 |
| Sector 31-33 | 1,569 | 37 | $73,225 |
| Sector 56 | 1,466 | 58 | $41,414 |
| Sector 23 | 795 | 107 | $65,412 |
| Sector 42 | 729 | 46 | $63,836 |
| Sector 52 | 701 | 57 | $84,668 |
The largest sector is the biggest private employer group at 6,880 jobs, 28.8 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Coles County
What businesses operate in Coles County
- Establishments, all industries1,112
- Employment at those establishments20,638
- Annual payroll$991.0 m
- Establishments per 1,000 residents23.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Coles County
What is being built in Coles County
- Housing units authorised by permit, 202436
- Declared construction value permitted$3.6 m
- Single family units authorised11
- Multifamily units authorised25
- Multifamily share of units69.4 percent
- Average declared value per unit$100,301
- Units authorised per 1,000 households1.7
Multifamily is 69.4 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Coles County
How much SBA lending happens in Coles County
- 7(a) approvals recorded17
- 7(a) gross approval dollars$6.3 m
- Average 7(a) approval$369,312
- Median 7(a) approval$216,000
- 10th percentile approval$30,000
- 90th percentile approval$1,181,200
- Largest single approval$2,050,000
- Jobs reported supported, 7(a)228
- Jobs per approval13.4
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals16
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer11.8 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter10
- Franchise loans1
- Franchise share of approvals5.9 percent
- Leading industry by approval countPharmacies and Drug Retailers (2)
- Most active lenderU.S. Bank, National Association (3)
- 504 approvals recorded5
- 504 gross approval dollars$2.4 m
- Average 504 approval$478,200
- Median 504 approval$485,000
- Distinct CDCs active2
- 504 jobs per approval15.6
- 504 jobs per million dollars approved32.6
- Most active CDCSomerCor 504, Inc. (3)
- 7(a) share of SBA approvals77.3 percent
- Combined SBA approval dollars$8.7 m
The average approval of $369,312 sits well above the median of $216,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 11.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Coles County
Do SBA loans in Coles County get paid back
- Loans with a final outcome recorded4
- Paid in full4
- Charged off0
- Status: Paid in full4
- Status: Exempt from disclosure9
- Status: Cancelled2
- Status: Committed, not yet disbursed2
Too few loans have reached a final outcome to publish a charge off rate. only 4 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Coles County
Which parts of Coles County get the lending
- Places in the county with recorded lending3
- CHARLESTON, approvals11
- MATTOON, approvals5
- Arcola, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CHARLESTON | 11 | $5,283,200 |
| MATTOON | 5 | $767,900 |
| Arcola | 1 | $227,200 |
CHARLESTON accounts for 11 approvals against 5 in MATTOON. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Coles County
How big is Coles County
- Land area508 sq mi
- Rank by land area among Illinois counties52nd of 102
- Width, east to west27.3 mi
- Height, north to south21.5 mi
- Geographies sharing a boundary6
- Residents per square mile of land92
- Establishments per square mile2.19
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coles County
What hazards affect Coles County
- EPA radon zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book7
- Of those, participating in the NFIP6
- NFIP participation rate85.7 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Coles County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Coles County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population46,777
- Households20,824
- Average household size2.25
- Median household income$56,478
- Median age37.5
Common questions
Coles County questions, answered from the record.
How many people live in Coles County, Illinois?
46,777, in 20,824 households, ranking 31st of 102 Illinois counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Coles County growing?
The population has fallen 1.63 percent since the 2020 census base. In 2024 there were 462 births against 576 deaths, with net migration of 5. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Coles County?
$56,478. The median owner-occupied home is valued at $127,400, which is 2.3 times income, and median gross rent is $780 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Coles County?
1,112 establishments, employing 20,638 people with an annual payroll of $991.0 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Coles County?
Average annual pay is $52,987, or $1,019 a week, across 23,930 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Coles County?
17 7(a) approvals totalling $6.3 m since FY2020, across 11 lenders, with a median approval of $216,000, plus 5 504 approvals worth $2.4 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Coles County?
36 housing units were authorised by permit in 2024, with a declared construction value of $3.6 m. Multifamily was 69.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Coles County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Coles County come from?
The largest single origin is Coles County Non-migrants, with 16,613 households. Arriving households report an average income of $45,545 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Coles County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Coles County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.