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The total population of Spring Bay is estimated to be 484 with 285 males (58.88%) and 199 females (41.12%). There are 86 less females than males in Spring Bay.
The median household income in Spring Bay was $43,012 in 2021, which marked an a decrease of 694(1.59%) from $43,706 in 2020. This income is 57.65% 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, Spring Bay sees its highest median household income among householders in the age group of 25 to 44 years old, at $52,019. Overall, the median household income for the village of Spring Bay stands at $43,012.
In Spring Bay, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $20,943 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,236 for males and $46,614 for females.
In Spring Bay, population is primarily represented by White households, reporting a median income of $43,236.
In 2022, the population of Spring Bay was 472, a 0.64% increase year-by-year from 2021. Previously, in 2021, Spring Bay's population was 469, an increase of 0.21% compared to a population of 468 in 2020.
The median age in Spring Bay, IL is 46.7, as per 2021 ACS 5-Year Estimates. Of the total population, 10.27% were under the age of 15, 20.55% aged 15 to 29, 44.52% aged 30 to 64, 22.37% aged 65 to 84, and 2.28% were 85 years of age and older.
Racial distribution of Spring Bay population: 97.26% are White, 0.23% are Black or African American, 0.46% are American Indian and Alaska Native, 0.68% are Asian and 1.37% are multiracial.