Waterman village, Illinois Demographics & Population 2026

Population Overview

Waterman village is a small community located in Illinois. The total population is 1,419. It ranks as the 602nd most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Waterman village is 35.6 years. This is 8% lower than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Waterman village is $97,386. This is 19% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 24% higher. The poverty rate stands at 7.2%. This is 38% lower than the state poverty rate of 11.7%. The unemployment rate is 3.3%. This is 44% lower than the state rate of 5.8%. The median home value is $212,900. Housing costs are 15% lower than the state median of $250,500. With a home-value-to-income ratio of just 2.2x, Waterman village is one of the most affordable housing markets in the area. 86.1% of occupied housing units are owner-occupied. This homeownership rate is 29% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Waterman village is White (non-Hispanic), making up 78.5% of the population. Hispanic or Latino residents account for 10.8%. The Black or African American population (2.4%) is well below the state average of 13.6%. The Asian population (0.9%) is well below the state average of 5.8%.

Education

25.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 31% 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 92.0%.

Data Sources & Methodology

All demographic data for Waterman 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.