Springfield, IL — Demographics & Statistics
ZIP code 62701 serves a portion of Springfield, Illinois, within Sangamon County. This community is home to approximately 57,004 residents, with a median age of 39.3 years. The median household income of $75,578 sits above the national median of $67,521, while median home values of $332,543 are above the national average of $301,500. The area has a renter-majority housing profile, with 28% owner-occupied and 72% renter-occupied units. Cost of living in this part of Springfield is lower than the national baseline, with an index of 96 (100 = national average). With a college-education rate of 65% and an unemployment rate of 8.3%, 62701 reflects the economic character of Sangamon County in Illinois.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 57,004 | — |
| Population | Density (per sq mi) | 4,060 | — |
| Economics | Median Household Income | $75,578 | ↑ 12% vs nat'l avg |
| Economics | Median Home Value | $332,543 | ↑ 10% vs nat'l avg |
| Economics | Cost of Living Index | 96 | ↓ Lower than avg |
| Economics | Unemployment Rate | 8.3% | ↑ 113% vs nat'l avg |
| Economics | Below Poverty Line | 6.0% | ↓ 47% vs nat'l avg |
| Education | College Educated (25+) | 65% | ↑ 86% vs nat'l avg |
| Demographics | Median Age | 39.3 yrs | ↑ 2% vs nat'l avg |
| Housing | Owner-Occupied | 28% | — |
| Housing | Renter-Occupied | 72% | — |
| Housing | Total Housing Units | 26,221 | — |