Illinois · Census place 74561
Taylor Springs village, IL
Quick answer
Taylor Springs village has 691 residents, ranking #830 of 1462 places in Illinois. Median household income is $45,323, the median home is worth $67,100 and median gross rent runs $781 a month.
- Population
- 691Taylor Springs village residents
- Median household income
- $45,323Past 12 months, inflation adjusted
- Median home value
- $67,100Owner-occupied units
- Median gross rent
- $781Rent plus utilities, monthly
- Median age
- 59.4 yrsAll residents
- Homeownership rate
- 76.4%Owner-occupied households
What the numbers mean in Taylor Springs village
Housing cost measured against local earnings.
A household earning the Taylor Springs village median would spend about 20.7% 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 20% of residents and 76.4% 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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