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Sheridan, Illinois Demographics & Population 2026

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

During the 2020–2024 ACS period, Sheridan, Illinois had a total population of 2,519, the 457th largest village in Illinois, with a median household income of $85,250, which is 2% higher than the state average. The poverty rate is 10.9%.

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

Key Takeaways

Sheridan Quick Facts

Population 2,519
Median Household Income $85,250
Median Home Value $186,400
Poverty Rate 10.9%
Unemployment Rate 8.0%
Median Age 36.1 years
Homeownership Rate 78.8%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 4.9%
High School Graduation Rate 70.6%
Diversity Index 59/100
Population 2,519 457th of 1,445
Median Income $85,250 top 30%
Poverty Rate 10.9% 13% lower than national
Median Home Value $186,400 top 30%

How Sheridan 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
Population2,6102,519-3.5%
Median household income$73,214$85,250+16.4%
Median home value$183,200$186,400+1.7%

How Sheridan Compares

Economy & Housing

Household Income Distribution

Under $25K 14.9%
$25K-$50K 7.2%
$50K-$100K 48.4%
$100K+ 29.4%
Detailed income brackets
Under $10K
7.7%
$10K-$15K
0.7%
$15K-$20K
4.3%
$20K-$25K
2.2%
$25K-$30K
0.0%
$30K-$35K
0.7%
$35K-$40K
3.1%
$40K-$45K
2.4%
$45K-$50K
1.0%
$50K-$60K
4.6%
$60K-$75K
17.3%
$75K-$100K
26.5%
$100K-$125K
7.2%
$125K-$150K
10.6%
$150K-$200K
10.1%
$200K+
1.5%

Employment

8.0% Unemployment Rate State: 5.8%|National: 5.2%
21.6% Labor Force Participation

Housing Overview

Owner 78.8%
Renter 21.2%
Affordability Index Very Affordable
2.2x home value to income ratio
Median gross rent $1,070/mo 15.1% of median household income annually

People & Demographics

Diversity Index

59out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 61 | National average: 61

Education

Sheridan Rankings in Illinois

#457 Population of 1,445
#381 Median Income of 1,374
#1304 Education of 1,444
#402 Home Value of 1,372

Other Cities in LaSalle County

CityPopulationMedian IncomePovertyHome Value
Ottawa 18,447 $71,413 17.3% $154,000
Streator 12,330 $57,609 20.3% $94,700
Peru 9,775 $74,808 9.0% $154,300
LaSalle 9,498 $57,732 18.8% $113,500
Mendota 6,994 $51,632 14.1% $134,100
Lake Holiday 5,641 $107,875 2.9% $256,400
Marseilles 4,279 $58,217 21.5% $142,500
Oglesby 3,570 $76,189 9.6% $139,700
Seneca 2,450 $86,830 22.2% $227,500
Earlville 1,942 $63,553 16.5% $142,200

Cities Similar to Sheridan

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Seneca2,450$86,830$227,50014.9%22.2%
Round Lake Heights2,592$78,986$216,80018.4%14.5%
Marquette Heights2,492$75,625$123,80025.2%3.7%
Trenton2,664$80,795$178,20030.7%12.4%
Heyworth2,573$96,500$210,60030.9%6.1%

Population Overview

Sheridan is a small community located in Illinois, within LaSalle County. The total population is 2,519. It ranks as the 457th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Sheridan is 36.1 years. This is 7% lower than the state median of 39.0 years. Only 7.6% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Sheridan is $85,250. This is 2% higher than the state median of $83,390. It is also 6% higher than the national median of $80,734. The poverty rate stands at 10.9%. This is 8% lower than the state poverty rate of 11.8%. The unemployment rate is 8.0%. This is 36% higher than the state rate of 5.8%. The median home value is $186,400. Housing costs are 29% lower than the state median of $263,300. With a home-value-to-income ratio of just 2.2x, Sheridan is one of the most affordable housing markets in the area. 78.8% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 67.1%.

Race & Ethnicity

The largest racial or ethnic group in Sheridan is White (non-Hispanic), making up 47.5% of the population. Black or African American residents account for 41.6%. The Black or African American population is significantly higher than the state average (41.6% vs 13.3%). The Hispanic or Latino population (8.6%) is well below the state average of 18.8%.

Education

4.9% 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 87% 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 70.6%.

Data Sources & Methodology

All demographic data for Sheridan, 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 Sheridan, Illinois?

Sheridan, Illinois has a population of 2,519 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Sheridan, IL?

The median household income in Sheridan is $85,250, which is 6% higher than the national median of $80,734.

What is the poverty rate in Sheridan, IL?

The poverty rate in Sheridan is 10.9%. This means approximately 97 residents live below the federal poverty line.

What is the racial makeup of Sheridan, Illinois?

Sheridan's population is 47.5% White, 41.6% Black, 8.6% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Sheridan, IL?

The median home value in Sheridan is $186,400. The home-value-to-income ratio is 2.2x.

How educated is Sheridan, Illinois?

4.9% of adults (25+) in Sheridan hold a bachelor's degree or higher, and 1.5% hold a graduate or professional degree.