Phoenix, IL Profile: Facts & Data

The Village of Phoenix had a population of 1,748 as of July 1, 2024. Phoenix ranks in the upper quartile for Population Density and 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 Phoenix is located at latitude 41.6111 and longitude -87.6348 in Cook County. The formal boundaries for the Village of Phoenix encompass a land area of 0.46 sq. miles and a water area of 0 sq. miles. Cook County is in the Central time zone (GMT -6).

The Village of Phoenix 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.

Phoenix, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,748 (100%)
Population in Households	1,748 (100.0%)
Population in Families	1,382 (79.1%)
Population in Group Quarters¹	0
Population Density	3,771
Diversity Index²	48


INCOME
Median Household Income	$47,196
Average Household Income	$64,370
% of Income for Mortgage⁴	12%
Per Capita Income	$28,282
Wealth Index⁵	45
Socioeconomic Status Index⁶	Low (40.2)

HOUSING
Total HU (Housing Units)	881 (100%)
Owner Occupied HU	464 (52.7%)
Renter Occupied HU	304 (34.5%)
Vacant Housing Units	113 (12.8%)
Median Home Value	$91,270
Average Home Value	$147,144
Housing Affordability Index³	180

HOUSEHOLDS
Total Households	768
Average Household Size	2.28
Family Households	466
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Phoenix, IL - Peer Comparisons by Rank and Percentile

The table below compares Phoenix to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	0.55%	0.06%
Households	0.81%	0.64%
Families		-0.13%
Median Household Income		2.40%
Per Capita Income		3.61%
Owner Occupied HU		1.71%

Variable Description	Rank	Percentile
Total Population	# 523	64th
Population Density	# 95	94th
Median Household Income	# 1371	6th
Housing Affordability Index	# 1131	77th
Per Capita Income	# 1311	10th
Diversity Index	# 307	79th

Phoenix, IL Profile: Facts & Data

Phoenix, Illinois - Basic Facts

Phoenix, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Phoenix, IL - Peer Comparisons by Rank and Percentile

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