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The total population of Homewood is estimated to be 19,868 with 9,653 males (48.59%) and 10,215 females (51.41%). There are 562 more females than males in Homewood.
The median household income in Homewood was $88,570 in 2021, which marked an an increase of 1,303(1.49%) from $87,267 in 2020. This income is 118.72% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Homewood sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,286. Overall, the median household income for the village of Homewood stands at $88,570.
In Homewood, the median income for all workers aged 15 years and older, regardless of work hours, was $49,440 for males and $41,570 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $87,778 for males and $64,960 for females.
In Homewood, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $160,551, while Two or More Races households represent the opposite end with the lowest median household income of $69,037.
In 2022, the population of Homewood was 18,735, a 1.57% decrease year-by-year from 2021. Previously, in 2021, Homewood's population was 19,033, a decline of 1.82% compared to a population of 19,385 in 2020.
The median age in Homewood, IL is 39.2, as per 2021 ACS 5-Year Estimates. Of the total population, 20.87% were under the age of 15, 18.11% aged 15 to 29, 44.71% aged 30 to 64, 14.01% aged 65 to 84, and 2.30% were 85 years of age and older.
Racial distribution of Homewood population: 44.44% are White, 47.78% are Black or African American, 1.29% are Asian, 0.30% are Native Hawaiian and other Pacific Islander, 1.87% are some other race and 4.32% are multiracial.