Shannon, IL Profile: Facts & Data

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Shannon, Illinois - Basic Facts

The Village of Shannon had a population of 762 as of July 1, 2023.

The primary coordinate point for Shannon is located at latitude 42.1547 and longitude -89.7398 in Carroll County. The formal boundaries for the Village of Shannon encompass a land area of 0.48 sq. miles and a water area of 0 sq. miles. Carroll County is in the Central time zone (GMT -6).

The Village of Shannon 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 Shannon is located within Township of Cherry Grove-Shannon, a minor civil division (MCD) of Carroll County.


Jump to... (On This Page!)
  1. Shannon 2023 Demographic Data
  2. Growth Rates for Shannon (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 - 2023 Demographics
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Shannon, IL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 762 (100%)
Population in Households 762 (100.0%)
Population in Families 622 (81.6%)
Population in Group Quarters1 0
Population Density 1,581
Diversity Index2 22
 
 

INCOME

Median Household Income $60,407
Average Household Income $82,355
% of Income for Mortgage4 10%
Per Capita Income $35,233
Wealth Index5 66
Socioeconomic Status Index6 Moderate (60.5)
 

HOUSING

Total HU (Housing Units) 369 (100%)
Owner Occupied HU 257 (69.6%)
Renter Occupied HU 69 (18.7%)
Vacant Housing Units 43 (11.7%)
Median Home Value $104,661
Average Home Value $156,226
Housing Affordability Index3 202
 

HOUSEHOLDS

Total Households 326
Average Household Size 2.34
Family Households 214
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

2020-2023 2023-2028
Population -1.52% -0.32%
Households -0.47% 0.00%
Families   -0.19%
Median Household Income   2.47%
Per Capita Income   2.74%
Owner Occupied HU   0.08%

Shannon, IL - Peer Comparisons by Rank and Percentile

The table below compares Shannon to the other 1,464 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2023 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 # 769 48th
Population Density # 384 74th
Median Household Income # 875 40th
Housing Affordability Index # 1162 79th
Per Capita Income # 757 48th
Diversity Index # 675 54th

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

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