Limestone, IL Profile: Facts & Data

Limestone, Illinois - Basic Facts

The Village of Limestone had a population of 1,522 as of July 1, 2024.

The primary coordinate point for Limestone is located at latitude 41.1321 and longitude -87.9684 in Kankakee County. The formal boundaries for the Village of Limestone encompass a land area of 2.61 sq. miles and a water area of 0 sq. miles. Kankakee County is in the Central time zone (GMT -6).

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

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Limestone, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,522 (100%)
Population in Households	1,522 (100.0%)
Population in Families	1,311 (86.1%)
Population in Group Quarters¹	0
Population Density	567
Diversity Index²	24


INCOME
Median Household Income	$112,782
Average Household Income	$146,506
% of Income for Mortgage⁴	16%
Per Capita Income	$57,178
Wealth Index⁵	172
Socioeconomic Status Index⁶	Moderate (62.7)

HOUSING
Total HU (Housing Units)	616 (100%)
Owner Occupied HU	518 (84.1%)
Renter Occupied HU	76 (12.3%)
Vacant Housing Units	22 ( 3.6%)
Median Home Value	$293,220
Average Home Value	$320,270
Housing Affordability Index³	129

HOUSEHOLDS
Total Households	594
Average Household Size	2.56
Family Households	438
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

616 (100%)

Owner Occupied HU

518 (84.1%)

Renter Occupied HU

76 (12.3%)

Vacant Housing Units

22 ( 3.6%)

Median Home Value

$293,220

Average Home Value

$320,270

Housing Affordability Index³

129

HOUSEHOLDS

Total Households

594

Average Household Size

2.56

Family Households

438

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
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	-0.55%	-0.54%
Households	-0.39%	-0.10%
Families		0.98%
Median Household Income		2.53%
Per Capita Income		3.12%
Owner Occupied HU		0.12%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.55%

-0.54%

Households

-0.39%

-0.10%

Families

0.98%

Median Household Income

2.53%

Per Capita Income

3.12%

Owner Occupied HU

0.12%

Limestone, IL - Peer Comparisons by Rank and Percentile

The table below compares Limestone 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	# 555	62nd
Population Density	# 1033	29th
Median Household Income	# 124	92nd
Housing Affordability Index	# 662	45th
Per Capita Income	# 132	91st
Diversity Index	# 645	56th

Variable Description

Rank

Percentile

Total Population

# 555

62nd

Population Density

# 1033

29th

Median Household Income

# 124

92nd

Housing Affordability Index

# 662

45th

Per Capita Income

# 132

91st

Diversity Index

# 645

56th

Illinois Census Data Comparison Tool

Limestone, IL Profile: Facts & Data

Limestone, Illinois - Basic Facts

Limestone, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Limestone, IL - Peer Comparisons by Rank and Percentile

Limestone, IL - Most Popular Things to Do

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Kankakee County