Living in Spring Bay, Illinois
Cost of living, income, home prices, rent and demographics of Spring Bay · Census data 2020–2024
Spring Bay has 520 residents with a median age of 41.7. The median household income is $61,389 (26% lower than the Illinois median), the median home value is $130,200, the median rent is $1,071/month.
Spring Bay is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Spring Bay at a glance
- Population
- 520
- Median age
- 41.7State: 39
- Median household income
- $61,389State: $83,390
- Median home value
- $130,200State: $263,300
- Median rent
- $1,071/moState: $1,274
- Homeowners
- 66%
- Bachelor's degree or higher
- 12.7%
- Average commute
- 24 min
Is Spring Bay a good place to live?
Pros: Home values 51% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 26% lower than the Illinois median; unemployment of 7.3%; a poverty rate of 19.2%.
The weather is best in May–June and August–September.
Cost of living in Spring Bay
Housing is the biggest part of the cost of living. In Spring Bay the median home value is $130,200, 61% lower than the U.S. median. Renters pay a median of $1,071 per month, which is 36.3% of household income. Homeowners with a mortgage pay $1,109 a month in housing costs.
Spring Bay median household income
The median household income in Spring Bay is $61,389 and the income per person is $28,347. 19.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Spring Bay: homes for sale and rent
- Housing units
- 231
- Owner-occupied
- 66%
- Renter-occupied
- 34%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.45
Spring Bay demographics
- Population
- 520
- Median age
- 41.7
- Under 18
- 21.7%
- 65 and older
- 19%
- Households
- 212
- Foreign-born
- 0%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Spring Bay ›
Education in Spring Bay
12.7% of adults 25 and older in Spring Bay have a bachelor's degree or higher (Illinois: 37.8%), and 0.3% have a graduate or professional degree.
Jobs and commute in Spring Bay
- Unemployment rate
- 7.3%State: 5.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 5.8%
- Drive alone
- 86.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 90.1%
Spring Bay vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spring Bay | 520 | $61,389 | $130,200 | $1,071 |
| Bay View Gardens | 281 | $52,679 | $122,800 | $787 |
| Rome | 1,947 | $88,750 | $159,800 | $1,094 |
| Germantown Hills | 3,436 | $147,341 | $264,900 | — |
| Peoria Heights | 5,825 | $60,099 | $117,700 | $913 |
| Peoria | 112,169 | $59,410 | $156,200 | $1,005 |
| Chillicothe | 5,900 | $66,132 | $132,900 | $899 |
| Dunlap | 1,360 | $141,552 | $289,600 | $976 |
| Metamora | 4,159 | $129,479 | $201,800 | $1,008 |
More for people moving to Spring Bay
Spring Bay ZIP code ›Weather and climate ›Living in Spring Bay: FAQ
What is the median household income in Spring Bay, IL?
The median household income in Spring Bay is $61,389, 26% lower 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 Spring Bay?
The median home value in Spring Bay is $130,200, compared with $263,300 in Illinois.
How much is rent in Spring Bay?
The median gross rent in Spring Bay is $1,071 per month, about 36.3% of household income.
Is Spring Bay, IL a good place to live?
Pluses: home values 51% lower than the state median; an average commute of 24 minutes. Minuses: median household income 26% lower than the Illinois median; unemployment of 7.3%; a poverty rate of 19.2%.
What is the median age in Spring Bay?
The median age in Spring Bay is 41.7 years (Illinois: 39).
How long is the commute in Spring Bay?
The average commute to work in Spring Bay is 24 minutes; 5.8% of workers work from home.
What is the unemployment rate in Spring Bay?
The unemployment rate in Spring Bay is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spring Bay?
12.7% of adults in Spring Bay 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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