Illinois · Census place 62588
Raleigh village, IL
Quick answer
Raleigh village has 238 residents, ranking #1156 of 1462 places in Illinois. Median household income is $52,083, the median home is worth $70,600 and median gross rent runs $675 a month.
- Population
- 238Raleigh village residents
- Median household income
- $52,083Past 12 months, inflation adjusted
- Median home value
- $70,600Owner-occupied units
- Median gross rent
- $675Rent plus utilities, monthly
- Median age
- 53.5 yrsAll residents
- Homeownership rate
- 87.1%Owner-occupied households
What the numbers mean in Raleigh village
Housing cost measured against local earnings.
A household earning the Raleigh village median would spend about 15.6% 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 1.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.9% of residents and 87.1% 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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