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Thayer village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.4x is exceptionally low

As of 2026, Thayer village, Illinois has a total population of 638, the 848th largest city in Illinois, with a median household income of $63,125, which is 23% lower than the state average. The poverty rate is 9.4%.

Key Takeaways

Thayer village Quick Facts

Population 638
Median Household Income $63,125
Median Home Value $87,300
Poverty Rate 9.4%
Unemployment Rate 5.1%
Median Age 43.6 years
Homeownership Rate 89.6%
Affordability Ratio 1.4x
Bachelor's Degree or Higher 11.2%
High School Graduation Rate 90.9%
Diversity Index 11/100
Population 638 848th of 1,445
Median Income $63,125 average
Poverty Rate 9.4% 25% lower national
Median Home Value $87,300 bottom 30%

How Thayer village Compares

Economy & Housing

Employment

5.1% Unemployment Rate State: 5.8% | National: 5.2%
67.0% Labor Force Participation

Housing Overview

Owner 89.6%
Renter 10.4%
Affordability Index Very Affordable
1.4x home value to income ratio

People & Demographics

Diversity Index

11out of 100
Very Low Diversity

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

State average: 60 | National average: 60

Education

Thayer village Rankings in Illinois

#848 Population of 1,445
#784 Median Income of 1,445
#1071 Education of 1,445
#1007 Home Value of 1,445

Cities Similar to Thayer village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Coffeen city630$63,125$57,30011.2%21.0%
Yates City village636$61,500$94,60012.6%5.6%
New Boston city632$61,563$100,70010.4%13.5%
Fairmount village610$63,393$95,90011.0%13.3%
Shipman town667$62,500$92,50019.5%12.1%

Population Overview

Thayer village is a small community located in Illinois. The total population is 638. It ranks as the 848th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Thayer village is 43.6 years. This is 12% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Thayer village is $63,125. This is 23% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 20% lower. The poverty rate stands at 9.4%. This is 20% lower than the state poverty rate of 11.7%. The unemployment rate is 5.1%. This is 12% lower than the state rate of 5.8%. The median home value is $87,300. Housing costs are 65% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.4x, Thayer village is one of the most affordable housing markets in the area. 89.6% of occupied housing units are owner-occupied. This homeownership rate is 34% higher than the state average of 66.8%.

Race & Ethnicity

Thayer village has a predominantly White (non-Hispanic) population, comprising 94.0% of all residents. Asian residents account for 1.7%. The White (non-Hispanic) population is significantly higher than the state average (94.0% vs 58.8%). The Black or African American population (1.6%) is well below the state average of 13.6%. The Asian population (1.7%) is well below the state average of 5.8%.

Education

11.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 70% 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 90.9%.

Data Sources & Methodology

All demographic data for Thayer 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.

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Frequently Asked Questions

What is the population of Thayer village, Illinois?

Thayer village, Illinois has a population of 638 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Thayer village, IL?

The median household income in Thayer village is $63,125, which is 20% lower the national median of $78,538.

What is the poverty rate in Thayer village, IL?

The poverty rate in Thayer village is 9.4%. This means approximately 59 residents live below the federal poverty line.

What is the racial makeup of Thayer village, Illinois?

Thayer village's population is 94.0% White, 1.6% Black, 0.0% Hispanic/Latino, and 1.7% Asian.

What is the median home value in Thayer village, IL?

The median home value in Thayer village is $87,300. The home-value-to-income ratio is 1.4x.

How educated is Thayer village, Illinois?

11.2% of adults (25+) in Thayer village hold a bachelor's degree or higher, and 4.3% hold a graduate or professional degree.