ZIP Code 62650 -- Arcadia, IL

Morgan | 2024 American Community Survey Data

Key Insights

  • With a price-to-income ratio of 2.1x, housing here is relatively affordable compared to the recommended 3-5x benchmark.

Quick Overview

Population
24,821
Unknown
Median Income
$65,762
Home Value
$141,300
Median Rent
$710
Median Age
40.20
Diversity Index
31.50
Low
Cost of Living
54.0
significantly below average
Unemployment
5.9%

About ZIP Code 62650

ZIP code 62650 in Arcadia, Illinois is a unknown area with a population of 24,821. The median household income is $65,762, which is This is 12% below the national median of $75,000.. The median home value is $141,300, representing a price-to-income ratio of 2.1x . The cost of living is significantly below average with an index of 54.0 (the national average is 100). Residents have a median age of 40.20 years. Approximately 24.9% of adults hold a bachelor's degree or higher. This ZIP code is located in Morgan, IL.

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Population & Age

Total Population
24,821
Median Age
40.20
Male Population
12,293
49.5%
Female Population
12,528
50.5%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
31.50 Low
White
85.0%
Black or African American
6.4%
Hispanic or Latino
3.3%
Asian
1.1%
Native American
0.2%
Pacific Islander
0.1%
Two or More Races
6.4%
Other Race
0.9%

Racial Composition

Income & Economy

Median Household Income
$65,762
Mean Household Income
$84,692
Per Capita Income
$35,259
Below Poverty Line
14.6%

This is 12% below the national median of $75,000.

Income Distribution

See richest ZIP codes in Illinois →

Housing

Median Home Value
$141,300
Median Rent
$710
Total Housing Units
11,249
Occupied Units
9,787
Vacant Units
1,462
13.0% vacancy
Median Year Built
1964
Owner Occupied
68.7%
Renter Occupied
31.3%
Price-to-Income Ratio 2.1x

Affordable housing market

Ownership vs Rental

Owner 68.7% Renter 31.3%

Education

High School Diploma or Higher 88.2%
Bachelor's Degree or Higher 24.9%
Graduate or Professional Degree 7.6%
See most educated ZIP codes →

Employment & Commuting

Civilian Labor Force
11,706
Employment Rate
94.1%
Unemployment Rate
5.9%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
80.5%
Carpool
7.7%
Public Transit
1.1%
Work from Home
8.3%

Cost of Living Index

54.0
significantly below average

The cost of living in ZIP code 62650 is 46.1% below the national average of 100.

0 National Avg (100) 200

Compare 62650 with:

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Compare 62650 with Another ZIP Code

Nearby ZIP Codes

62668
Nortonville, IL
4.4 mi
Pop: 1,249 Income: $70,577
62628
Chapin, IL
6.1 mi
Pop: 917 Income: $89,861
62665
Naples, IL
6.7 mi
Pop: 1,222 Income: $46,528
62631
Concord, IL
7.3 mi
Pop: 228 Income: $63,125
62695
Woodson, IL
9.1 mi
Pop: 501 Income: $65,972
62694
Glasgow, IL
11.6 mi
Pop: 3,006 Income: $58,460
62621
Exeter, IL
12.2 mi
Pop: 1,133 Income: $82,500
62611
Arenzville, IL
12.8 mi
Pop: 1,047 Income: $62,875
62610
Alsey, IL
13.6 mi
Pop: 233 Income: $60,625
62601
Orleans, IL
13.6 mi
Pop: 344 Income: $109,500
62663
Manchester, IL
13.7 mi
Pop: 197 Income: $81,875
62638
Clements, IL
13.8 mi
Pop: 1,485 Income: $86,538

Other ZIP Codes in Morgan

ZIP Code City Population Median Income
62692 Waverly 2,005 $66,143
62638 Clements 1,485 $86,538
62668 Nortonville 1,249 $70,577
62665 Naples 1,222 $46,528
62628 Chapin 917 $89,861
62695 Woodson 501 $65,972

Frequently Asked Questions about ZIP Code 62650

ZIP code 62650 (Arcadia, IL) has a total population of 24,821 according to the 2024 American Community Survey. The median age is 40.20 years.

The median household income in ZIP code 62650 is $65,762 per year, based on 2024 Census Bureau data. This is 12% below the national median of $75,000.

ZIP code 62650 is primarily located in Arcadia, Illinois (IL). It falls within Morgan County.

The median home value in ZIP code 62650 is $141,300, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $710.

The median age in ZIP code 62650 is 40.20 years, compared to the national median of 38.9 years. This makes the area older than the national average.

ZIP code 62650 has a cost of living index of 53.95 (national average = 100). This means the cost of living is significantly below average compared to the national average.

In ZIP code 62650, 24.88% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 7.60% hold a graduate or professional degree.

The unemployment rate in ZIP code 62650 is 5.91%, which is above the national average of 3.6%. About 8.32% of workers work from home.

Explore More

All ZIP codes in Illinois | ZIP codes in Arcadia | ZIP codes in Morgan | Richest ZIP codes in Illinois | Most populated ZIP codes | Most educated ZIP codes

Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.