Illinois · Census place 58265
Payson, IL population, income and ZIP codes
Quick answer
The population of the city of Payson, Illinois (Payson, IL — Census place “Payson village”) is 1,030 residents, ranking #689 of 1462 places in Illinois. Median household income is $62,262, the median home is worth $118,000 and median gross rent runs $967 a month. Looking for the Payson Illinois ZIP code list? 1 ZIP codes serve Payson, IL: 62360.
- Population
- 1,030Payson village residents
- Median household income
- $62,262Past 12 months, inflation adjusted
- Median home value
- $118,000Owner-occupied units
- Median gross rent
- $967Rent plus utilities, monthly
- Median age
- 34.9 yrsAll residents
- Homeownership rate
- 84.1%Owner-occupied households
Payson ZIP codes (Illinois)
Census ZCTAs whose delivery area overlaps Payson.
The Payson IL ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
What the numbers mean in Payson village
Housing cost measured against local earnings.
A household earning the Payson village median would spend about 18.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.2% of residents and 84.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Payson village, IL in context
How this area compares with national benchmarks.
Payson village is a small town in Illinois, with 1,030 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #689 of 1,462 ranked by population — larger than 52% of them. The median age here is 34.9 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.
Households in Payson village earn a median of $62,262 a year, 20.7% below the national figure of $78,538 and 16% below the $74,244 median for the 698 Illinois cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 10.2% of residents here, below the 12.4% national rate.
The typical owner-occupied home in Payson village is valued at $118,000, 61.1% below the national figure and 34% below the $179,100 peer median, while median gross rent runs $967 a month, 31.2% below the national figure, or roughly $11,604 across a full year. A household on the local median income would put about 18.6% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.9×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 84.1% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.
No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.
Compare with nearby places
Places of similar size in Illinois.
- Washburn village 1,026
- Chebanse village 1,033
- Beckemeyer village 1,024
- Macon city 1,035
- Forest View village 1,022
- Wayne City village 1,050
- Percy village 1,014
- Colchester city 1,057
Keep going
More Illinois coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Payson village?
- Payson village has 1,030 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #689 of 1,462 in Illinois.
- What is the median household income in Payson village?
- Median household income in Payson village is $62,262 a year, 20.7% below the national figure of $78,538.
- How much does it cost to rent or buy in Payson village?
- Median gross rent is $967 a month and the median home value is $118,000, so rent absorbs about 18.6% of median household income.
- Is Payson village affordable compared with the rest of the US?
- Homes cost about 1.9× the local median income here versus roughly 3.9× nationally, so Payson village is more affordable to buy in than the typical US market, and rent takes 18.6% of median income against the 30% cost-burden line.
- How current is this Payson village data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.