Census ACS · ZIP Code Tabulation Area

62316 Income Statistics for 2026

Hancock County, Illinois

Median household income

$61,094

Median household income ($61,094) is lower than Hancock County County ($66,079).

62316$61,094
Hancock County County$66,079
62373$110,568
62380$75,000
62313$108,646
62336$43,125
62341$62,262

Average household income

$64,654

Average household income ($64,654) is lower than Hancock County County ($84,536).

62316$64,654
Hancock County County$84,536
62373$137,502
62380$116,124
62313$99,889
62336$97,626
62341$93,551

Per-capita income

$27,421

Per-capita income ($27,421) is lower than Hancock County County ($37,263).

62316$27,421
Hancock County County$37,263
62373$64,031
62380$57,818
62313$41,214
62336$49,704
62341$39,692

Households earning $100k+

17.7%

Households earning $100k+ (17.7%) is lower than Hancock County County (29.0%).

6231617.7%
Hancock County County29.0%
6237352.4%
6238033.1%
6231361.8%
623369.3%
6234126.4%

All demographics

Population
705
Households
299
Median age
40.8 yrs
Median household income
$61,094
Mean household income
$64,654
Per capita income
$27,421
Median home value
$84,000
Median gross rent
$405
Owner-occupied housing
79.6%
Bachelor's degree or higher
14.5%
In labor force
56.6%
Poverty rate
8.5%
Households earning $100k+
17.7%
Population under 5
5.7%
Population age 18–34
17.7%
Population age 25–44
30.5%
Population age 45–64
23.1%
Population age 65+
16.9%
Hispanic or Latino
0.1%
Black (non-Hispanic)
0.0%
Asian (non-Hispanic)
0.0%
Unemployment rate
5.9%

County and peer ZIP comparisons use population-weighted aggregates from other ZCTAs in the same county. Source: US Census Bureau ACS 5-year estimates. Page URL: https://resource.skyrocketbpo.com/tools/market-research/us-income-demographics-by-zip-code/illinois/62316

Link to this page

Permanent URL backed by Census ACS data in PocketBase.

Context & methodology

About ZIP 62316 income statistics ($61,094 median)

ZIP Code Tabulation Area 62316 in Illinois is defined by the U.S. Census Bureau for statistical reporting. It closely matches USPS ZIP code 62316 but may differ slightly at edges — use these ACS figures as demographic benchmarks, not exact postal boundaries.

An estimated 705 people live in this ZCTA. Median household income here ($61,094) is lower than Hancock County County ($66,079). Operators sizing a local market often pair median income with mean income ($64,654) and the share of households earning $100k+ to gauge both typical and upscale demand.

The neighboring ZIP comparison table above lists adjacent ZCTAs with their own ACS estimates. Large gaps between adjacent ZIP codes are common — a few miles can separate very different income profiles, which matters for retail trade areas, service radius, and competitive positioning.

Small-area ACS estimates carry wider margins of error than state or county totals. The Census Bureau publishes guidance on interpreting confidence intervals (linked below). When a figure is critical to your analysis, download the underlying table from data.census.gov and review the margin of error column before citing it in a business plan or press release.

Data vintage: Census ACS 2024 5-year estimates (published 2026). Tables: B19013 (median HH income), B19001 (distribution), B19049 (income by age of householder).

Authoritative sources & further reading

Primary government data and reference pages for verifying and extending this analysis.

Related market research tools

Combine ZIP-level income with these free Resource tools for fuller market pictures.

All ZIP codes·Illinois·ZIP codes in Hancock County