Living in Peotone, Illinois
Cost of living, income, home prices, rent and demographics of Peotone · Census data 2020–2024
Peotone has 4,587 residents with a median age of 39.3. The median household income is $108,523 (30% higher than the Illinois median), the median home value is $271,000, the median rent is $979/month.
Peotone at a glance
- Population
- 4,587
- Median age
- 39.3State: 39
- Median household income
- $108,523State: $83,390
- Median home value
- $271,000State: $263,300
- Median rent
- $979/moState: $1,274
- Homeowners
- 76.7%
- Bachelor's degree or higher
- 35.3%
- Average commute
- 29 min
Is Peotone a good place to live?
Pros: Median household income 30% higher than the Illinois median; unemployment of 4.6%; a poverty rate of 3.9%.
Cons: Home values about the same as the state median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Peotone
Housing is the biggest part of the cost of living. In Peotone the median home value is $271,000, 19% lower than the U.S. median. Renters pay a median of $979 per month, which is 28.7% of household income. Homeowners with a mortgage pay $1,855 a month in housing costs.
Peotone median household income
The median household income in Peotone is $108,523 and the income per person is $42,966. 3.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Peotone: homes for sale and rent
- Housing units
- 1,734
- Owner-occupied
- 76.7%
- Renter-occupied
- 23.3%
- Vacant
- 0.9%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.67
Peotone demographics
- Population
- 4,587
- Median age
- 39.3
- Under 18
- 21.3%
- 65 and older
- 15.5%
- Households
- 1,719
- Foreign-born
- 1.4%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Peotone ›
Education in Peotone
35.3% of adults 25 and older in Peotone have a bachelor's degree or higher (Illinois: 37.8%), and 7.6% have a graduate or professional degree.
Jobs and commute in Peotone
- Unemployment rate
- 4.6%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 12.6%
- Drive alone
- 75.2%
- Public transit
- 1.3%
- Walk to work
- 1.1%
- Homes with broadband
- 94.9%
Peotone vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Peotone | 4,587 | $108,523 | $271,000 | $979 |
| Manteno | 9,030 | $97,634 | $248,400 | $1,141 |
| Monee | 5,108 | $91,969 | $240,500 | $1,477 |
| University Park | 7,306 | $73,844 | $153,200 | $1,649 |
| Beecher | 4,728 | $103,415 | $269,500 | $1,078 |
| Grant Park | 1,449 | $78,385 | $215,800 | $1,177 |
| Richton Park | 12,521 | $64,554 | $220,900 | $1,294 |
| Bourbonnais | 18,078 | $81,708 | $253,100 | $1,269 |
| Manhattan | 11,026 | $128,522 | $332,600 | $1,213 |
More for people moving to Peotone
Peotone ZIP code ›Weather and climate ›Living in Peotone: FAQ
What is the median household income in Peotone, IL?
The median household income in Peotone is $108,523, 30% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Peotone?
The median home value in Peotone is $271,000, compared with $263,300 in Illinois.
How much is rent in Peotone?
The median gross rent in Peotone is $979 per month, about 28.7% of household income.
Is Peotone, IL a good place to live?
Pluses: median household income 30% higher than the Illinois median; unemployment of 4.6%; a poverty rate of 3.9%. Minuses: home values about the same as the state median; an average commute of 29 minutes.
What is the median age in Peotone?
The median age in Peotone is 39.3 years (Illinois: 39).
How long is the commute in Peotone?
The average commute to work in Peotone is 29 minutes; 12.6% of workers work from home.
What is the unemployment rate in Peotone?
The unemployment rate in Peotone is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peotone?
35.3% of adults in Peotone have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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