Owaneco village, Illinois Demographics & Population 2026

Population Overview

Owaneco village is a small community located in Illinois. The total population is 744. It ranks as the 800th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Owaneco village is 33.5 years. This is 14% lower than the state median of 38.9 years. With 30.6% of the population under 18, Owaneco village has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Owaneco village is $66,875. This is 18% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 15% lower. The poverty rate stands at 16.8%. This is 43% higher than the state poverty rate of 11.7%. The unemployment rate is 4.9%. This is 15% lower than the state rate of 5.8%. The median home value is $96,300. Housing costs are 62% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.4x, Owaneco village is one of the most affordable housing markets in the area. 84.9% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 66.8%.

Race & Ethnicity

Owaneco village has a predominantly White (non-Hispanic) population, comprising 99.5% of all residents. The White (non-Hispanic) population is significantly higher than the state average (99.5% vs 58.8%).

Education

6.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 82% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.6%.

Data Sources & Methodology

All demographic data for Owaneco village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.