62895 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Wayne County
Centroid: Latitude 38.317, Longitude -88.571
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 62895 has segments in 2 Counties (Hamilton, Wayne).

Businesses Addresses: 62
PO Box Addresses: 171
Residential Addresses: 692

Multi-Family Addresses: 30
Single Family Addresses: 662

Foreclosures in IL 62895

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

Wayne City, IL 62895 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	1,798 (100%)
Population in Households	1,791 (99.6%)
Population in Families	1,512 (84.1%)
Population in Group Quarters¹	7 ( 0.4%)
Population Density	16
Diversity Index²	10


INCOME
Median Household Income	$55,697
Average Household Income	$69,353
% of Income for Mortgage⁴	10%
Per Capita Income	$30,094
Wealth Index⁵	52

HOUSING
Total HU (Housing Units)	898 (100%)
Owner Occupied HU	656 (73.1%)
Renter Occupied HU	133 (14.8%)
Vacant Housing Units	109 (12.1%)
Median Home Value	$109,066
Average Home Value	$131,860
Housing Affordability Index³	250

HOUSEHOLDS
Total Households	789
Average Household Size	2.27
Family Households	549
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.

Wayne City, IL 62895 - Peer Comparisons by Rank and Percentile

The table below compares 62895 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	-1.50%	-0.61%
Households	-0.83%	-0.59%
Families		-0.63%
Median Household Income		2.65%
Per Capita Income		2.49%
Owner Occupied HU		-0.52%

Variable Description	Rank	Percentile
Total Population	# 702	49th
Population Density	# 1129	18th
Median Household Income	# 1030	25th
Housing Affordability Index	# 1066	78th
Per Capita Income	# 1072	22nd
Diversity Index	# 1235	10th

62895 ZIP Code Profile, Map, Data & Demographics

ZIP Code 62895: Basic Data & USPS Preferred City Name

Wayne City, IL 62895 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wayne City, IL 62895 - Peer Comparisons by Rank and Percentile

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