Illinois · Census place 62757
Ransom village, IL
Quick answer
Ransom village has 312 residents, ranking #1080 of 1462 places in Illinois. Median household income is $69,250, the median home is worth $101,500 and median gross rent runs $700 a month.
- Population
- 312Ransom village residents
- Median household income
- $69,250Past 12 months, inflation adjusted
- Median home value
- $101,500Owner-occupied units
- Median gross rent
- $700Rent plus utilities, monthly
- Median age
- 35.5 yrsAll residents
- Homeownership rate
- 82.5%Owner-occupied households
What the numbers mean in Ransom village
Housing cost measured against local earnings.
A household earning the Ransom village median would spend about 12.1% 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 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.7% of residents and 82.5% 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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