Illinois · Census place 69563
Shipman town, IL
Quick answer
Shipman town has 667 residents, ranking #840 of 1462 places in Illinois. Median household income is $62,500, the median home is worth $92,500 and median gross rent runs $788 a month.
- Population
- 667Shipman town residents
- Median household income
- $62,500Past 12 months, inflation adjusted
- Median home value
- $92,500Owner-occupied units
- Median gross rent
- $788Rent plus utilities, monthly
- Median age
- 30.8 yrsAll residents
- Homeownership rate
- 81.9%Owner-occupied households
What the numbers mean in Shipman town
Housing cost measured against local earnings.
A household earning the Shipman town median would spend about 15.1% 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 12.1% of residents and 81.9% 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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