Gridley, IL Profile: Facts & Data

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Gridley, Illinois - Basic Facts

The Village of Gridley had a population of 1,510 as of July 1, 2020.

The primary coordinate point for Gridley is located at latitude 40.7434 and longitude -88.8815 in McLean County. The formal boundaries for the Village of Gridley encompass a land area of 1.23 sq. miles and a water area of 0 sq. miles. McLean County is in the Central time zone (GMT -6). The elevation is 758 feet.

The Village of Gridley (GNIS ID: 2398210) 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 Gridley is located within Township of Gridley, a minor civil division (MCD) of McLean County.


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Gridley, IL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,510 (100%)
Population in Households 1,510 (100.0%)
Population in Families 1,313 (87.0%)
Population in Group Quarters1 0
Population Density 1,233
Diversity Index2 11
 
 

INCOME

Median Household Income $73,954
Average Household Income $85,459
% of Income for Mortgage4 9%
Per Capita Income $33,237
Wealth Index5 87
 

HOUSING

Total HU (Housing Units) 649 (100%)
Owner Occupied HU 483 (74.4%)
Renter Occupied HU 133 (20.5%)
Vacant Housing Units 33 ( 5.1%)
Median Home Value $162,105
Average Home Value $220,145
Housing Affordability Index3 216
 

HOUSEHOLDS

Total Households 616
Average Household Size 2.45
Family Households 449
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.52% 0.08%
Households 0.69% 0.13%
Families 1.04% 0.04%
Median Household Income   1.89%
Per Capita Income   2.43%
Owner Occupied HU   0.25%

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Gridley, IL - Peer Comparisons by Rank and Percentile

The table below compares Gridley to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2020 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 # 581 58th
Population Density # 595 57th
Median Household Income # 312 77th
Housing Affordability Index # 564 41st
Per Capita Income # 424 69th
Diversity Index # 837 38th

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

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