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Winchester, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,498
Population
$48,250
Median Income
$93,900
Home Value
44.6
Median Age

Demographics

Winchester has a population of 1,498 with a median age of 44.6. Here is the racial and ethnic breakdown of the population:

White
96.1%
Other
1.6%
Hispanic
1.2%
Asian
1.1%
Demographic Value
Total Population1,498
Median Age44.6
White96.1%
Asian1.1%
Hispanic or Latino1.2%
Other / Two or More Races1.6%
Winchester, Illinois — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.1%Other: 3.9%1,498PopulationWhiteWhite96.1%OtherOther3.9%

Income & Economy

The median household income in Winchester is $48,250, which is 40.1% below the national median of $80,610. The per capita income is $31,408. The poverty rate is 21.2%.

$48,250
Median Household Income
$31,408
Per Capita Income
21.2%
Poverty Rate

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Education

In Winchester, 92.3% of residents age 25+ have a high school diploma or higher, and 18.3% hold a bachelor's degree or higher (5.8% with a graduate or professional degree).

HS Diploma+
92.3%
Bachelor's+
18.3%
Graduate+
5.8%
Education Level % of Adults (25+)
High School Diploma or Higher92.3%
Bachelor's Degree or Higher18.3%
Graduate or Professional Degree5.8%

Housing

The median home value in Winchester is $93,900, below the national median of $303,400. The median monthly rent is $593. The homeownership rate is 64.1%.

$93,900
Median Home Value
$593/mo
Median Rent
64.1%
Homeownership Rate
Housing Metric Value
Median Home Value$93,900
Median Monthly Rent$593
Homeownership Rate64.1%
Vacancy Rate12.5%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Winchester, Illinois?
The population of Winchester, Illinois is 1,498 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Winchester, Illinois?
The median household income in Winchester, Illinois is $48,250. This is 40.1% below the national median of $80,610.
What is the median home value in Winchester, Illinois?
The median home value in Winchester, Illinois is $93,900. The median monthly rent is $593.
What percentage of people in Winchester have a college degree?
In Winchester, Illinois, 18.3% of adults age 25 and older hold a bachelor's degree or higher, and 92.3% have a high school diploma or higher.
Is Winchester, Illinois an affordable place to live?
The home price-to-income ratio in Winchester, Illinois is 1.9x (median home value $93,900 vs. median income $48,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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