Peotone, IL
Population 4,462 · Illinois
About Peotone, IL
Peotone is a small community in Illinois with a population of 4,462 residents. The median household income is $104,792 per year, which is above the national average. The median age in Peotone is 39.1 years.
Housing in Peotone has a median home value of $261,400 and median monthly rent of $1,102. Of the 1,622 total housing units, the majority are owner-occupied, with 1,137 owner-occupied and 470 renter-occupied units.
The unemployment rate in Peotone is 4.9% and the poverty rate is 3.3%. 33.4% of residents hold a bachelor's degree or higher. The average commute time is 30.4 minutes.
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.
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Frequently Asked Questions about Peotone
What is the population of Peotone, IL?
The population of Peotone, IL is 4,462 according to the latest Census data.
What is the median household income in Peotone?
The median household income in Peotone, IL is $104,792 per year.
What is the median home value in Peotone?
The median home value in Peotone, IL is $261,400.
What is the average rent in Peotone?
The median monthly rent in Peotone, IL is $1,102.
What is the unemployment rate in Peotone?
The unemployment rate in Peotone, IL is 4.9%.