Phoenix, IL population, income and ZIP codes

Phoenix village is a small town in Illinois, with 1,284 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #626 of 1,462 ranked by population — larger than 57% of them. The median age here is 47.5 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. 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 Phoenix village earn a median of $25,703 a year, 67.3% below the national figure of $78,538 and 65% below the $74,244 median for the 698 Illinois cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 23.8% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Phoenix village is valued at $86,300, 71.6% below the national figure and 52% below the $179,100 peer median, while median gross rent runs $1,010 a month, 28.2% below the national figure, or roughly $12,120 across a full year. A household on the local median income would put about 47.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is severely stretched — a median-income renter clears the cost-burden line by a wide margin before utilities beyond the gross-rent definition. The home-price-to-income ratio works out to 3.4×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 62.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. 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.

Phoenix village is the unusual combination of expensive to rent and cheap to buy: rent takes 47.2% of median income while homes cost only 3.4× it. Where that pattern shows up, the gap is normally down to down-payment and credit barriers rather than price.

All values below were released by the Census for this exact geography, with no gap-filling on our side. 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.