Sheridan village, Illinois Demographics & Population 2026

Population Overview

Sheridan village is a small community located in Illinois. The total population is 2,610. It ranks as the 453rd most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Sheridan village is 35.0 years. This is 10% lower than the state median of 38.9 years. Only 9.4% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Sheridan village is $73,214. This is 10% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 7% lower. The poverty rate stands at 16.8%. This is 43% higher than the state poverty rate of 11.7%. The unemployment rate is 7.4%. This is 28% higher than the state rate of 5.8%. The median home value is $183,200. Housing costs are 27% lower than the state median of $250,500. With a home-value-to-income ratio of just 2.5x, Sheridan village is one of the most affordable housing markets in the area. 78.9% of occupied housing units are owner-occupied. This homeownership rate is 18% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Sheridan village is White (non-Hispanic), making up 48.5% of the population. Black or African American residents account for 37.8%. The Black or African American population is significantly higher than the state average (37.8% vs 13.6%).

Education

3.1% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 92% 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 69.6%.

Data Sources & Methodology

All demographic data for Sheridan 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.