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ZipNumbers

Illinois · Census place 58265

Payson village, IL

Quick answer

Payson village has 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.

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

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

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