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The total population of Payson is estimated to be 1,276 with 628 males (49.22%) and 648 females (50.78%). There are 20 more females than males in Payson.
The median household income in Payson was $68,273 in 2021, which marked an a decrease of 2,903(4.08%) from $71,176 in 2020. This income is 91.51% 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, Payson sees its highest median household income among householders in the age group of under 25 years old, at $77,015. Overall, the median household income for the village of Payson stands at $68,273.
In Payson, the median income for all workers aged 15 years and older, regardless of work hours, was $43,133 for males and $28,590 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,193 for males and $42,991 for females.
In Payson, population is primarily represented by White households, reporting a median income of $68,431.
In 2022, the population of Payson was 1,006, a 0.79% decrease year-by-year from 2021. Previously, in 2021, Payson's population was 1,014, a decline of 0.78% compared to a population of 1,022 in 2020.
The median age in Payson, IL is 27.0, as per 2021 ACS 5-Year Estimates. Of the total population, 34.19% were under the age of 15, 20.31% aged 15 to 29, 38.18% aged 30 to 64, 6.57% aged 65 to 84, and 0.74% were 85 years of age and older.
Racial distribution of Payson population: 96.68% are White, 1.92% are Asian and 1.40% are multiracial.