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Watson, IL Profile: Facts & Data

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Watson, Illinois - Basic Facts

The Village of Watson had a population of 656 as of July 1, 2024. Watson ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Watson is located at latitude 39.0253 and longitude -88.5698 in Effingham County. The formal boundaries for the Village of Watson encompass a land area of 1.12 sq. miles and a water area of 0 sq. miles. Effingham County is in the Central time zone (GMT -6).

The Village of Watson has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Watson is located within Township of Watson, a minor civil division (MCD) of Effingham County.


Jump to... (On This Page!)
  1. Watson 2024 Demographic Data
  2. Growth Rates for Watson (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2024 Demographics
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Watson, IL Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 656 (100%)
Population in Households 656 (100.0%)
Population in Families 567 (86.4%)
Population in Group Quarters1 0
Population Density 601
Diversity Index2 7
 
 

INCOME

Median Household Income $75,117
Average Household Income $92,026
% of Income for Mortgage4 18%
Per Capita Income $36,053
Wealth Index5 83
Socioeconomic Status Index6 Moderate (57.2)
 

HOUSING

Total HU (Housing Units) 285 (100%)
Owner Occupied HU 227 (79.6%)
Renter Occupied HU 30 (10.5%)
Vacant Housing Units 28 ( 9.8%)
Median Home Value $211,979
Average Home Value $225,000
Housing Affordability Index3 130
 

HOUSEHOLDS

Total Households 257
Average Household Size 2.55
Family Households 186
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population -0.43% -0.62%
Households 0.09% 0.00%
Families   -0.54%
Median Household Income   1.47%
Per Capita Income   3.52%
Owner Occupied HU   0.70%

Watson, IL - Peer Comparisons by Rank and Percentile

The table below compares Watson to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 811 45th
Population Density # 1001 32nd
Median Household Income # 694 53rd
Housing Affordability Index # 673 46th
Per Capita Income # 871 41st
Diversity Index # 1395 4th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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