Waterman, IL Profile: Facts & Data

Waterman, Illinois - Basic Facts

The Village of Waterman had a population of 1,471 as of July 1, 2024.

The primary coordinate point for Waterman is located at latitude 41.7717 and longitude -88.7737 in DeKalb County. The formal boundaries for the Village of Waterman encompass a land area of 1.47 sq. miles and a water area of 0 sq. miles. DeKalb County is in the Central time zone (GMT -6).

The Village of Waterman 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 Waterman is located within Township of Clinton, a minor civil division (MCD) of DeKalb County.

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

POPULATION
Total Population	1,471 (100%)
Population in Households	1,471 (100.0%)
Population in Families	1,235 (84.0%)
Population in Group Quarters¹	0
Population Density	971
Diversity Index²	33


INCOME
Median Household Income	$84,067
Average Household Income	$103,486
% of Income for Mortgage⁴	19%
Per Capita Income	$42,210
Wealth Index⁵	88
Socioeconomic Status Index⁶	Moderate (53.0)

HOUSING
Total HU (Housing Units)	652 (100%)
Owner Occupied HU	473 (72.5%)
Renter Occupied HU	127 (19.5%)
Vacant Housing Units	52 ( 8.0%)
Median Home Value	$261,092
Average Home Value	$286,073
Housing Affordability Index³	98

HOUSEHOLDS
Total Households	600
Average Household Size	2.45
Family Households	414
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

652 (100%)

Owner Occupied HU

473 (72.5%)

Renter Occupied HU

127 (19.5%)

Vacant Housing Units

52 ( 8.0%)

Median Home Value

$261,092

Average Home Value

$286,073

Housing Affordability Index³

HOUSEHOLDS

Total Households

600

Average Household Size

2.45

Family Households

414

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	2020-2025	2025-2030
Population	0.50%	0.22%
Households	1.99%	0.69%
Families		2.04%
Median Household Income		2.67%
Per Capita Income		2.34%
Owner Occupied HU		1.20%

GROWTH RATE / YEAR

2020-2025

2025-2030

Population

0.50%

0.22%

Households

1.99%

0.69%

Families

2.04%

Median Household Income

2.67%

Per Capita Income

2.34%

Owner Occupied HU

1.20%

Waterman, IL - Peer Comparisons by Rank and Percentile

The table below compares Waterman to the other 1,461 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	# 565	61st
Population Density	# 711	51st
Median Household Income	# 516	65th
Housing Affordability Index	# 378	26th
Per Capita Income	# 573	61st
Diversity Index	# 476	67th

Variable Description

Rank

Percentile

Total Population

# 565

61st

Population Density

# 711

51st

Median Household Income

# 516

65th

Housing Affordability Index

# 378

26th

Per Capita Income

# 573

61st

Diversity Index

# 476

67th

Illinois Census Data Comparison Tool

Waterman, IL Profile: Facts & Data

Waterman, Illinois - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Waterman, IL - Peer Comparisons by Rank and Percentile

Waterman, IL - Most Popular Things to Do

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DeKalb County