Schram City, IL Profile: Facts & Data

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Schram City, Illinois - Basic Facts

The Village of Schram City had a population of 542 as of July 1, 2020. Schram City 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 Schram City is located at latitude 39.1642 and longitude -89.4637 in Montgomery County. The formal boundaries for the Village of Schram City encompass a land area of 0.73 sq. miles and a water area of 0 sq. miles. Montgomery County is in the Central time zone (GMT -6). The elevation is 597 feet.

The Village of Schram City (GNIS ID: 2399772) 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 Schram City is located within Township of East Fork, a minor civil division (MCD) of Montgomery County.


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

POPULATION

Total Population 542 (100%)
Population in Households 534 (98.5%)
Population in Families 432 (79.7%)
Population in Group Quarters1 8 ( 1.5%)
Population Density 750
Diversity Index2 8
 
 

INCOME

Median Household Income $42,852
Average Household Income $53,653
% of Income for Mortgage4 7%
Per Capita Income $24,036
Wealth Index5 48
 

HOUSING

Total HU (Housing Units) 288 (100%)
Owner Occupied HU 191 (66.3%)
Renter Occupied HU 51 (17.7%)
Vacant Housing Units 46 (16.0%)
Median Home Value $76,168
Average Home Value $80,921
Housing Affordability Index3 310
 

HOUSEHOLDS

Total Households 242
Average Household Size 2.21
Family Households 159
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 -0.76% -0.86%
Households -0.55% -0.76%
Families -0.59% -0.9%
Median Household Income   1.58%
Per Capita Income   1.76%
Owner Occupied HU   -0.74%

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Schram City, IL - Peer Comparisons by Rank and Percentile

The table below compares Schram City 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 # 900 34th
Population Density # 907 34th
Median Household Income # 1199 12th
Housing Affordability Index # 1093 80th
Per Capita Income # 1132 17th
Diversity Index # 1072 22nd

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

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