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The Village of Spring Bay had a population of 472 as of July 1, 2023.
The primary coordinate point for Spring Bay is located at latitude 40.8245 and longitude -89.5223 in Woodford County. The formal boundaries for the Village of Spring Bay encompass a land area of 0.75 sq. miles and a water area of 0.16 sq. miles. Woodford County is in the Central time zone (GMT -6).
The Village of Spring Bay 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 Spring Bay is located within Township of Spring Bay, a minor civil division (MCD) of Woodford County.
POPULATION | |
---|---|
Total Population | 472 (100%) |
Population in Households | 472 (100.0%) |
Population in Families | 383 (81.1%) |
Population in Group Quarters1 | 0 |
Population Density | 686 |
Diversity Index2 | 20 |
INCOME | |
Median Household Income | $62,287 |
Average Household Income | $89,472 |
% of Income for Mortgage4 | 17% |
Per Capita Income | $36,774 |
Wealth Index5 | 82 |
Socioeconomic Status Index6 | Moderate (48.4) |
HOUSING | |
---|---|
Total HU (Housing Units) | 222 (100%) |
Owner Occupied HU | 160 (72.1%) |
Renter Occupied HU | 34 (15.3%) |
Vacant Housing Units | 28 (12.6%) |
Median Home Value | $177,027 |
Average Home Value | $197,031 |
Housing Affordability Index3 | 122 |
HOUSEHOLDS | |
Total Households | 194 |
Average Household Size | 2.43 |
Family Households | 143 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.13% | -0.43% |
Households | 0.97% | 0.00% |
Families | -0.14% | |
Median Household Income | 0.07% | |
Per Capita Income | 3.08% | |
Owner Occupied HU | 0.37% |
The table below compares Spring Bay to the other 1,464 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2023 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 | # 936 | 36th |
Population Density | # 935 | 36th |
Median Household Income | # 813 | 45th |
Housing Affordability Index | # 543 | 37th |
Per Capita Income | # 661 | 55th |
Diversity Index | # 766 | 48th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.
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