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The total population of Volo is estimated to be 6,368 with 3,317 males (52.09%) and 3,051 females (47.91%). There are 266 less females than males in Volo.
The median household income in Volo was $118,660 in 2021, which marked an an increase of 1,647(1.41%) from $117,013 in 2020. This income is 159.05% 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, Volo sees its highest median household income among householders in the age group of 45 to 64 years old, at $140,163. Overall, the median household income for the village of Volo stands at $118,660.
In Volo, the median income for all workers aged 15 years and older, regardless of work hours, was $80,938 for males and $46,671 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $92,473 for males and $67,543 for females.
In Volo, population is primarily represented by White households, reporting a median income of $116,603.
In 2022, the population of Volo was 6,582, a 4.41% increase year-by-year from 2021. Previously, in 2021, Volo's population was 6,304, an increase of 1.53% compared to a population of 6,209 in 2020.
The median age in Volo, IL is 32.9, as per 2021 ACS 5-Year Estimates. Of the total population, 27.90% were under the age of 15, 14.74% aged 15 to 29, 49.89% aged 30 to 64, 6.54% aged 65 to 84, and 0.93% were 85 years of age and older.
Racial distribution of Volo population: 84.35% are White, 4.06% are Black or African American, 0.39% are American Indian and Alaska Native, 3.71% are Asian, 2.14% are some other race and 5.35% are multiracial.