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Princeville, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

During the 2020–2024 ACS period, Princeville, Illinois had a total population of 1,837, the 528th largest village in Illinois, with a median household income of $76,250, which is 9% lower than the state average. The poverty rate is 14.2%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Princeville Quick Facts

Population 1,837
Median Household Income $76,250
Median Home Value $168,100
Poverty Rate 14.2%
Unemployment Rate 1.4%
Median Age 38.1 years
Homeownership Rate 80.8%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 33.5%
High School Graduation Rate 96.4%
Diversity Index 16/100
Population 1,837 528th of 1,445
Median Income $76,250 above average
Poverty Rate 14.2% 14% higher than national
Median Home Value $168,100 above average

How Princeville Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,9321,837-4.9%
Median household income$81,944$76,250-6.9%
Median home value$162,000$168,100+3.8%

How Princeville Compares

Economy & Housing

Household Income Distribution

Under $25K 16.4%
$25K-$50K 11.9%
$50K-$100K 31.3%
$100K+ 40.4%
Detailed income brackets
Under $10K
1.5%
$10K-$15K
2.9%
$15K-$20K
4.1%
$20K-$25K
7.8%
$25K-$30K
1.0%
$30K-$35K
3.7%
$35K-$40K
2.1%
$40K-$45K
4.4%
$45K-$50K
0.7%
$50K-$60K
5.2%
$60K-$75K
15.8%
$75K-$100K
10.3%
$100K-$125K
9.4%
$125K-$150K
12.4%
$150K-$200K
8.7%
$200K+
9.9%

Employment

1.4% Unemployment Rate State: 5.8%|National: 5.2%
62.5% Labor Force Participation

Housing Overview

Owner 80.8%
Renter 19.2%
Affordability Index Very Affordable
2.2x home value to income ratio
Median gross rent $931/mo 14.7% of median household income annually

People & Demographics

Diversity Index

16out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 61 | National average: 61

Education

Princeville Rankings in Illinois

#528 Population of 1,445
#533 Median Income of 1,374
#276 Education of 1,444
#454 Home Value of 1,372

Other Cities in Peoria County

CityPopulationMedian IncomePovertyHome Value
Peoria 112,169 $59,410 21.0% $156,200
Pekin 31,781 $60,790 12.8% $120,700
Chillicothe 5,900 $66,132 3.7% $132,900
Bartonville 5,841 $72,821 7.1% $139,100
Peoria Heights 5,825 $60,099 8.2% $117,700
West Peoria 4,238 $66,098 8.4% $93,900
Elmwood 2,327 $90,285 10.1% $153,500
Bellevue 2,106 $60,987 11.6% $121,300
Farmington 2,050 $65,223 11.0% $101,300
Rome 1,947 $88,750 6.5% $159,800

Cities Similar to Princeville

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Bement1,792$76,250$99,30014.9%7.0%
Hillcrest1,824$80,568$164,20014.0%9.6%
Crystal Lawns1,766$82,033$243,20025.7%7.0%
Moweaqua1,915$69,625$114,50018.4%3.4%
Farmer City1,885$67,067$138,50017.5%8.2%

Population Overview

Princeville is a small community located in Illinois, within Peoria County. The total population is 1,837. It ranks as the 528th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Princeville is 38.1 years. This is 2% lower than the state median of 39.0 years. With 31.8% of the population under 18, Princeville has a notably young demographic profile, suggesting a family-oriented community. 11.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Princeville is $76,250. This is 9% lower than the state median of $83,390. It is also 6% lower than the national median of $80,734. The poverty rate stands at 14.2%. This is 20% higher than the state poverty rate of 11.8%. The unemployment rate is 1.4%. This is 75% lower than the state rate of 5.8%. The median home value is $168,100. Housing costs are 36% lower than the state median of $263,300. With a home-value-to-income ratio of just 2.2x, Princeville is one of the most affordable housing markets in the area. 80.8% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 67.1%.

Race & Ethnicity

Princeville has a predominantly White (non-Hispanic) population, comprising 91.5% of all residents. Hispanic or Latino residents account for 0.4%. The White (non-Hispanic) population is significantly higher than the state average (91.5% vs 58.1%). The Black or African American population (0.2%) is well below the state average of 13.3%. The Hispanic or Latino population (0.4%) is well below the state average of 18.8%.

Education

33.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 11% 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 96.4%.

Data Sources & Methodology

All demographic data for Princeville, 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 Princeville, Illinois?

Princeville, Illinois has a population of 1,837 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Princeville, IL?

The median household income in Princeville is $76,250, which is 6% lower than the national median of $80,734.

What is the poverty rate in Princeville, IL?

The poverty rate in Princeville is 14.2%. This means approximately 253 residents live below the federal poverty line.

What is the racial makeup of Princeville, Illinois?

Princeville's population is 91.5% White, 0.2% Black, 0.4% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Princeville, IL?

The median home value in Princeville is $168,100. The home-value-to-income ratio is 2.2x.

How educated is Princeville, Illinois?

33.5% of adults (25+) in Princeville hold a bachelor's degree or higher, and 13.5% hold a graduate or professional degree.