Bay View Gardens village, IL Profile: Facts & Data

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Bay View Gardens village, Illinois - Basic Facts

The Village of Bay View Gardens had a population of 358 as of July 1, 2020. Bay View Gardens village ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Bay View Gardens village is located at latitude 40.8102 and longitude -89.5272 in Woodford County. The formal boundaries for the Village of Bay View Gardens encompass a land area of 0.68 sq. miles and a water area of 0.1 sq. miles.

The Village of Bay View Gardens (GNIS ID: 2398052) 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 Bay View Gardens is located within Township of Spring Bay, a minor civil division (MCD) of Woodford County.


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Bay View Gardens village, IL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 358 (100%)
Population in Households 358 (100.0%)
Population in Families 298 (83.2%)
Population in Group Quarters1 0
Population Density 526
Diversity Index2 12
 
 

INCOME

Median Household Income $58,006
Average Household Income $62,440
% of Income for Mortgage4 9%
Per Capita Income $23,724
Wealth Index5 51
 

HOUSING

Total HU (Housing Units) 157 (100%)
Owner Occupied HU 114 (72.6%)
Renter Occupied HU 29 (18.5%)
Vacant Housing Units 15 ( 9.6%)
Median Home Value $128,488
Average Home Value $185,177
Housing Affordability Index3 244
 

HOUSEHOLDS

Total Households 142
Average Household Size 2.52
Family Households 100
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 -0.53% -0.51%
Households -0.4% -0.43%
Families 0.2% -0.61%
Median Household Income   -0.32%
Per Capita Income   0.55%
Owner Occupied HU   -0.53%

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Bay View Gardens village, IL - Peer Comparisons by Rank and Percentile

The table below compares Bay View Gardens village 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 # 1034 25th
Population Density # 1068 22nd
Median Household Income # 657 52nd
Housing Affordability Index # 757 55th
Per Capita Income # 1155 16th
Diversity Index # 760 45th

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

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