Peotone, IL
Population 4,462 · Illinois
About Peotone, IL
Peotone is a small town located in Illinois with a population of 4,462 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,792 per year, which is 39% above the national median of $75,149. The median age of 39.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Peotone features a median home value of $261,400, which is 7% above the national median of $244,900. This positions Peotone in a moderately priced market relative to the rest of the country. Median monthly rent is $1,102, 5% below the national average of $1,163/month. Of the 1,622 total housing units, 71% are owner-occupied (1,137 units) and 29% are renter-occupied (470 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Peotone shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 3.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Peotone have an average one-way commute time of 30.4 minutes.
Education & Demographics
33.4% of Peotone residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.4% White, 0.5% Hispanic or Latino, 0.2% Black or African American, and 0.3% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Peotone, IL
Compared to national averages, Peotone has a median household income of $104,792 (39% above the national median of $75,149). Home values average $261,400, which is 7% above the national median. Monthly rent at $1,102 is 5% below the US average of $1,163. Within Illinois, Peotone's income is 40% above the state average of $75,072, and home values are 58% above the state median of $165,779.
Why Live in Peotone, IL?
Peotone offers a strong local economy with a median household income of $104,792, well above the national average, and rent that’s lower than the national average at $1,102/month, and a low poverty rate of 3.3%, better than the national average.
Peotone has a population of 4,462 with a median age of 39.1 years. Compare Peotone with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Peotone
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lebanon | 4,431 | $84,766 | $146,600 | Compare |
| Fox River Grove | 4,501 | $125,104 | $289,200 | Compare |
| Pittsfield | 4,422 | $52,432 | $113,300 | Compare |
| Stone Park | 4,504 | $75,165 | $218,300 | Compare |
| Breese | 4,373 | $72,900 | $204,600 | Compare |
| Cortland | 4,556 | $82,750 | $203,700 | Compare |
| Auburn | 4,357 | $79,475 | $145,400 | Compare |
| Creve Coeur | 4,572 | $49,853 | $86,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Peotone With Other Cities
Frequently Asked Questions about Peotone
What is the population of Peotone, IL?
The population of Peotone, IL is 4,462 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Peotone?
The median household income in Peotone, IL is $104,792 per year, which is 39% above the national median of $75,149.
What is the median home value in Peotone?
The median home value in Peotone, IL is $261,400, which is 7% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Peotone?
The median monthly rent in Peotone, IL is $1,102, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Peotone?
The unemployment rate in Peotone, IL is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Peotone, IL a good place to live?
Peotone offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,462 and a median age of 39.1, the city appeals to a broad range of residents.
How educated is Peotone, IL?
33.4% of residents in Peotone aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Peotone?
Key cost-of-living indicators for Peotone, IL: median home value is $261,400 (7% above national), median rent is $1,102/month, and median household income is $104,792. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Peotone?
The poverty rate in Peotone, IL is 3.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Peotone, IL?
Peotone's population is 3.4% White, 0.5% Hispanic or Latino, 0.2% Black or African American, 0.3% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.