Peotone, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Peotone, Illinois had a total population of 4,587, the 347th largest village in Illinois, with a median household income of $108,523, which is 30% higher than the state average. The poverty rate is 3.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 30% above the state average — one of the wealthiest communities in Illinois.
- An exceptionally low poverty rate of 3.9% — among the lowest in Illinois.
- Housing is very affordable with a home-value-to-income ratio of just 2.5x.
Peotone Quick Facts
How Peotone Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 4,462 | 4,587 | +2.8% |
| Median household income | $104,792 | $108,523 | +3.6% |
| Median home value | $261,400 | $271,000 | +3.7% |
How Peotone Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Peotone Rankings in Illinois
Explore Illinois Rankings
Other Cities in Will County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Joliet | 150,445 | $92,201 | 11.1% | $265,800 |
| Plainfield | 46,708 | $144,000 | 4.2% | $431,400 |
| Romeoville | 41,152 | $106,325 | 5.5% | $257,100 |
| Oswego | 36,375 | $123,792 | 2.6% | $344,500 |
| New Lenox | 28,006 | $140,865 | 1.5% | $399,900 |
| Lockport | 26,409 | $111,981 | 6.8% | $316,000 |
| Crest Hill | 20,628 | $73,033 | 12.0% | $232,900 |
| Mokena | 20,021 | $123,889 | 4.5% | $401,400 |
| Shorewood | 18,343 | $122,105 | 5.2% | $337,800 |
| Channahon | 13,927 | $119,494 | 5.9% | $327,900 |
Cities Similar to Peotone
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Beecher | 4,728 | $103,415 | $269,500 | 23.1% | 2.7% |
| Fox River Grove | 4,523 | $121,506 | $298,900 | 45.7% | 3.7% |
| Freeburg | 4,592 | $92,065 | $241,200 | 29.2% | 6.7% |
| Coal Valley | 4,229 | $106,850 | $215,700 | 34.8% | 3.9% |
| Olympia Fields | 4,734 | $123,875 | $329,000 | 50.4% | 13.7% |
Population Overview
Peotone is a small community located in Illinois, within Will County. The total population is 4,587. It ranks as the 347th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Peotone is 39.3 years. This is about the same as the state median of 39.0 years.
Economy, Income & Housing
The median household income in Peotone is $108,523. This is 30% higher than the state median of $83,390. It is also 34% higher than the national median of $80,734. The poverty rate stands at 3.9%. This is 67% lower than the state poverty rate of 11.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.6%. This is 21% lower than the state rate of 5.8%. The median home value is $271,000. Housing costs are 3% higher than the state median of $263,300. With a home-value-to-income ratio of just 2.5x, Peotone is one of the most affordable housing markets in the area. 76.7% of occupied housing units are owner-occupied. This homeownership rate is 14% higher than the state average of 67.1%.
Race & Ethnicity
Peotone has a predominantly White (non-Hispanic) population, comprising 91.6% of all residents. Hispanic or Latino residents account for 6.1%. The White (non-Hispanic) population is significantly higher than the state average (91.6% vs 58.1%). The Hispanic or Latino population (6.1%) is well below the state average of 18.8%. The Asian population (1.2%) is well below the state average of 5.9%.
Education
35.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 7% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.9%.
Data Sources & Methodology
All demographic data for Peotone, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Peotone, Illinois?
Peotone, Illinois has a population of 4,587 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Peotone, IL?
The median household income in Peotone is $108,523, which is 34% higher than the national median of $80,734.
What is the poverty rate in Peotone, IL?
The poverty rate in Peotone is 3.9%. This means approximately 177 residents live below the federal poverty line.
What is the racial makeup of Peotone, Illinois?
Peotone's population is 91.6% White, 0.0% Black, 6.1% Hispanic/Latino, and 1.2% Asian.
What is the median home value in Peotone, IL?
The median home value in Peotone is $271,000. The home-value-to-income ratio is 2.5x.
How educated is Peotone, Illinois?
35.3% of adults (25+) in Peotone hold a bachelor's degree or higher, and 7.6% hold a graduate or professional degree.