62294 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Madison County
Centroid: Latitude 38.707, Longitude -89.873
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 62294 has segments in 2 Counties (Madison, Saint Clair).

Businesses Addresses: 362
PO Box Addresses: 106
Residential Addresses: 6,135

Multi-Family Addresses: 156
Single Family Addresses: 5,979

Foreclosures in IL 62294

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Troy, IL 62294 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	15,139 (100%)
Population in Households	15,040 (99.3%)
Population in Families	12,950 (85.5%)
Population in Group Quarters¹	99 ( 0.7%)
Population Density	576
Diversity Index²	26


INCOME
Median Household Income	$100,038
Average Household Income	$124,817
% of Income for Mortgage⁴	13%
Per Capita Income	$47,080
Wealth Index⁵	138

HOUSING
Total HU (Housing Units)	6,006 (100%)
Owner Occupied HU	4,630 (77.1%)
Renter Occupied HU	1,093 (18.2%)
Vacant Housing Units	284 ( 4.7%)
Median Home Value	$251,790
Average Home Value	$265,589
Housing Affordability Index³	165

HOUSEHOLDS
Total Households	5,722
Average Household Size	2.63
Family Households	4,198
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.

Troy, IL 62294 - Peer Comparisons by Rank and Percentile

The table below compares 62294 to the other 1,371 ZIP Codes in Illinois by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	0.31%	-0.26%
Households	-0.07%	-0.12%
Families		-0.18%
Median Household Income		1.90%
Per Capita Income		3.33%
Owner Occupied HU		0.06%

Variable Description	Rank	Percentile
Total Population	# 287	79th
Population Density	# 399	71st
Median Household Income	# 166	88th
Housing Affordability Index	# 505	37th
Per Capita Income	# 207	85th
Diversity Index	# 543	60th

62294 ZIP Code Profile, Map, Data & Demographics

ZIP Code 62294: Basic Data & USPS Preferred City Name

Troy, IL 62294 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Troy, IL 62294 - Peer Comparisons by Rank and Percentile

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