Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Waterman, IL Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

1,448

Median Agei

Race & Ethnicityi

White

80.8%1,170

Hispanic/Latino

9.2%133

Two or More

7.7%111

Black

2.1%30

Asian

0.3%4

Educational Attainment (Age 25+)i

GED/Alternative

3%25

High School Diploma

32.1%269

Some College (<1 yr)

10.1%85

Some College (1+ yr)

17.2%144

Associate's Degree

8.8%74

Bachelor's Degree

17.8%149

Master's Degree

4.5%38

Professional Degree

0.6%5

Doctorate

0.4%3

HS or Higher

94.4%

BA or Higher

23.2%

Graduate+

5.5%

Housingi

Median Home Valuei

$217,300

Median Renti

$877

Tenure

Owner-Occupied

87.7%426

Renter-Occupied

12.3%60

Total Units

509

Homeownership

87.7%

Vacancy Rate

4.5%

Home Values

Under $50K

1.6%7

$100K–$150K

18.3%78

$150K–$200K

23.7%101

$200K–$300K

43.2%184

$300K–$500K

12.7%54

$1M+

0.5%2

Rent Distribution

Under $500

$500–$750

$750–$1,000

$1,000–$1,250

$1,250–$1,500

Year Built

2020 or later

1.4%7

2000–2009

20.4%104

1990–1999

11.8%60

1980–1989

5.3%27

1970–1979

10.6%54

1960–1969

10%51

1950–1959

10.4%53

1940–1949

9.8%50

1939 or earlier

20.2%103

Heating Fuel

Utility Gas

90.9%442

Electricity

8.4%41

Bottled/LP Gas

0.6%3

Economyi

Median Household Incomei

$100,139

Mean Household Incomei

$110,738

Per Capita Incomei

$41,311

Poverty Ratei

Unemploymenti

4.1%

Labor Forcei

824

Household Income Distribution

Under $10K

0.6%3

$10K–$15K

0.8%4

$15K–$20K

1.6%8

$20K–$25K

0.4%2

$25K–$30K

1%5

$30K–$35K

1.6%8

$35K–$40K

4.5%22

$40K–$45K

2.1%10

$45K–$50K

1.6%8

$50K–$60K

8.6%42

$60K–$75K

7.4%36

$75K–$100K

19.3%94

$100K–$125K

20.2%98

$125K–$150K

8%39

$150K–$200K

15%73

$200K+

7%34

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

Programs in this community

Housing Choice Vouchers2 homes

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 81 homes

Privately owned apartments with rent subsidies tied to the building

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

181.2%

By Region

Top Countries

Mexico

Commute & Transportationi

Workersi

739

Avg. Commutei

39 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

790

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

57(5.6% of civilian adults)

Health Insurancei

94.6%Insured

5.4%Uninsured