Payson village, Illinois Demographics & Population 2026

Population Overview

Payson village is a small community located in Illinois. The total population is 1,030. It ranks as the 689th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Payson village is 34.9 years. This is 10% lower than the state median of 38.9 years. With 29.8% of the population under 18, Payson village has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Payson village is $62,262. This is 24% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 21% lower. The poverty rate stands at 10.2%. This is 13% lower than the state poverty rate of 11.7%. The unemployment rate is 1.3%. This is 78% lower than the state rate of 5.8%. The median home value is $118,000. Housing costs are 53% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.9x, Payson village is one of the most affordable housing markets in the area. 84.1% of occupied housing units are owner-occupied. This homeownership rate is 26% higher than the state average of 66.8%.

Race & Ethnicity

Payson village has a predominantly White (non-Hispanic) population, comprising 93.8% of all residents. Asian residents account for 2.6%. The White (non-Hispanic) population is significantly higher than the state average (93.8% vs 58.8%). The Hispanic or Latino population (1.7%) is well below the state average of 18.5%. The Asian population (2.6%) is well below the state average of 5.8%.

Education

19.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 49% 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 95.9%.

Data Sources & Methodology

All demographic data for Payson 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.