PlainZIP

Troy, IL · standard

ZIP Code 62294

Madison County, Illinois - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

14,367
180/sq mi
$120,466
Median income
$276,300
Median home value
47.1%
Bachelor's or higher

The verdict

Troy pairs a top-decile household income with above-median home values, in a rural, homeowner-dominated area.

Top 9%
household income, US ZIPs
Top 37%
home value, US ZIPs
180
people per sq mi
79%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 62294 against every reporting US ZIP.

ZIP code 62294 is a mid-sized community (a standard USPS delivery area) in Troy, Madison County, Illinois, home to 14,367 residents across 79.8 square miles, a density of 180 people per square mile, in the Chicago time zone.

ZIP 62294 skews affluent, with a median household income of $120,466 (50% above the Illinois average), while per-capita income is $50,476. Poverty here runs at 1.7%, with unemployment measured at 3.2%. On housing, the median home value is $276,300 (44% above the state average) with median rent at $1,125 per month, and 79.1% of occupied units are owner-occupied.

A solid share of residents have a four-year degree: 47.1% of adults hold a bachelor's degree or higher, the median age is 36.4, and the average commute is 26 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Madison County, so you can benchmark 62294 against its immediate geography rather than a national average alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 62294

Top 5 sectors by establishment count in Troy, IL

Which industries have the most business establishments in ZIP 62294.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 62294, Troy, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

14,367

Population

79.8

Area (sq mi)

180

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 62294?

36.4

Median Age

48.3%

Male

51.7%

Female

1.6%

Foreign-Born

White 91.8%
African American 1.0%
Asian 0.5%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.4%
Hispanic or Latino 2.7%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$120,466

Median Household Income

+50% vs state

$50,476

Per Capita Income

1.7%

Poverty Rate

3.2%

Unemployment Rate

25.7 min

Mean Commute Time

How ZIP 62294 ranks nationally

Troy, IL household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$120,466 Top 9% higher than 91% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). This entry sits in this band. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 62.8%
Bachelor's Degree or Higher 47.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

6,157

Total Housing Units

5,658

Occupied Units

499

Vacant Units

2.71

Avg Household Size

Occupancy Type

Owner 79.1%
Renter 20.9%

$276,300

Median Home Value

+44% vs state

$1,125

Median Rent

1992

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+4.6%

YoY Change (2024)

215

HPI Index (2000 = 100)

+115%

Total Change Since 2000

Home values in ZIP 62294 have increased 4.6% over the past year (2024). Since 2000, this ZIP has seen +115% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.2% 150
2021 +8.2% 162
2022 +11.8% 182
2023 +13.3% 206
2024 +4.6% 215

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 256 business establishments in ZIP 62294, employing approximately 2,906 people with a combined annual payroll of $128,060,000.

256

Businesses

2,906

Employees

$128.1M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Construction 42 16.4%
Retail trade 34 13.3%
Other services (except public administration) 32 12.5%
Accommodation and food services 29 11.3%
Health care and social assistance 26 10.2%
Finance and insurance 18 7.0%
Administrative and support and waste management and remediation services 17 6.6%
Wholesale trade 12 4.7%
Real estate and rental and leasing 11 4.3%
Professional, scientific, and technical services 11 4.3%
Manufacturing 8 3.1%
Arts, entertainment, and recreation 6 2.3%
Transportation and warehousing 5 1.9%
Information 3 1.2%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 62294 vs 62281 →

ZIP 62294 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 62294 ranks #4 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 62294 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 62294 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
62281 Saint Jacob, IL 2,155 4.8 mi
62062 Maryville, IL 7,658 5.2 mi
62234 Collinsville, IL 33,430 6.1 mi
62269 O Fallon, IL 31,348 7.3 mi
62254 Lebanon, IL 6,089 7.1 mi
62034 Glen Carbon, IL 13,819 6.5 mi
62061 Marine, IL 1,718 7.8 mi
62025 Edwardsville, IL 33,748 9.4 mi
62232 Caseyville, IL 7,260 8.6 mi
62289 Summerfield, IL 350 9.8 mi

More ZIP Codes in Madison County

62040 standard
Granite City, IL
Pop: 43,735
62025 standard
Edwardsville, IL
Pop: 33,748
62234 standard
Collinsville, IL
Pop: 33,430
62002 standard
Alton, IL
Pop: 32,704
62035 standard
Godfrey, IL
Pop: 16,494
62249 standard
Highland, IL
Pop: 15,971

Related Areas

Madison County Troy, IL Illinois

Frequently Asked Questions

What county is ZIP code 62294 in? ▼
ZIP code 62294 (Troy) is located in Madison County, Illinois. Madison County contains multiple ZIP codes, see the full list at /counties/madison-il.
What is the population of ZIP code 62294? ▼
ZIP code 62294 in Troy, IL has a population of 14,367 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 62294? ▼
The median household income in ZIP 62294 is $120,466, which is 58% above the national average of $76,288.
What is the average home value in ZIP 62294? ▼
The median home value in ZIP 62294 is $276,300, which is 1% below the national average of $278,155.
What is the demographic makeup of ZIP 62294? ▼
The largest racial group in ZIP 62294 is White at 91.8%. Hispanic or Latino residents make up 2.7% of the population.
How many businesses are in ZIP code 62294? ▼
ZIP code 62294 has 256 business establishments employing approximately 2,906 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 62294? ▼
The top industries by establishment count in ZIP 62294 are: Construction (42), Retail trade (34), Other services (except public administration) (32). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 62294? ▼
According to the FHFA House Price Index, home values in ZIP 62294 increased by 4.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 115%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 62294? ▼
In ZIP code 62294, 62.8% of residents aged 25+ have a high school diploma or higher, and 47.1% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 62294? ▼
The mean commute time for workers in ZIP code 62294 is 25.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 62294? ▼
In ZIP code 62294, approximately 79.1% of occupied housing units are owner-occupied and 20.9% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 62294? ▼
The poverty rate in ZIP code 62294 is 1.7% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.