Mount Carmel, IL · standard
ZIP Code 62863
Wabash County, Illinois - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 10,183
- 26/sq mi Moderate-density area
- $55,916
- Median income Below-median income area
- $105,500
- Median home value Below-median home value
- 19.5%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Mount Carmel pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 22nd pct
- household income, US ZIPs
- 11th pct
- home value, US ZIPs
- 26
- people per sq mi
- 74%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 62863 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 62863 (Mount Carmel, IL) rose +12.9% from 2023 to 2024. The all-transactions index moved from 174.4 in 2023 to 196.9 in 2024 (2000 = 100).
ZIP code 62863 is a mid-sized community (a standard USPS delivery area) in Mount Carmel, Wabash County, Illinois, home to 10,183 residents across 387.2 square miles, a density of 26 people per square mile, in the Chicago time zone.
ZIP 62863 reports a modest median household income of $55,916 (30% below the average Illinois ZIP), while per-capita income is $38,124. The poverty rate is 17.8%, with unemployment at 3.4%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $105,500 (45% below the average Illinois ZIP), and median rent is $792; owner occupancy is 73.9%.
Educational attainment sits below the national norm: 19.5% of adults hold a bachelor's degree or higher, the median age is 42, and the average commute is 22 minutes. The page also surfaces 6 ZIP codes within roughly 10 miles and 3 more in Wabash County, so 62863 can be compared with both its immediate and county-level context.
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 62863
Top 5 sectors by establishment count in Mount Carmel, IL
Which industries have the most business establishments in ZIP 62863.
- Retail trade
Retail trade
35 establishments
- Other services (except public administration)
Other services (except public administration)
31 establishments
- Mining, quarrying, and oil and gas extraction
Mining, quarrying, and oil and gas extraction
23 establishments
- Health care and social assistance
Health care and social assistance
22 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
21 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, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 62863, Mount Carmel, 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
10,183
Population
387.2
Area (sq mi)
26
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 62863?
42.0
Median Age
48.0%
Male
52.0%
Female
2.4%
Foreign-Born
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?
$55,916
Median Household Income
-30% vs state ZIP avg
$38,124
Per Capita Income
17.8%
Poverty Rate
3.4%
Unemployment Rate
21.9 min
Mean Commute Time
How ZIP 62863 ranks among Illinois ZIPs
Mount Carmel, IL household income vs. every Illinois ZIP code
Median household income among 1,334 reporting Illinois ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$55,916 16th percentile higher than 16% of 1,334 Illinois ZIPs
Each bar is a $20K-wide band; taller bars hold more Illinois 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
4,590housing units
4,590
Total Housing Units
4,010
Occupied Units
580
Vacant Units
2.29
Avg Household Size
Occupancy Type
$105,500
Median Home Value
-45% vs state ZIP avg
$792
Median Rent
1968
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
+12.9%
YoY Change (2024)
197
HPI Index (2000 = 100)
+97%
Total Change Since 2000
Home values in ZIP 62863 have increased 12.9% over the past year (2024). Since 2000, this ZIP has seen +97% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.1% | 147 |
| 2021 | +10.7% | 163 |
| 2022 | -0.2% | 163 |
| 2023 | +7.2% | 174 |
| 2024 | +12.9% | 197 |
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 230 business establishments in ZIP 62863, employing approximately 2,576 people with a combined annual payroll of $148,321,000.
230
Businesses
2,576
Employees
$148.3M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 35 | 15.2% |
| Other services (except public administration) | 31 | 13.5% |
| Mining, quarrying, and oil and gas extraction | 23 | 10.0% |
| Health care and social assistance | 22 | 9.6% |
| Professional, scientific, and technical services | 21 | 9.1% |
| Finance and insurance | 19 | 8.3% |
| Accommodation and food services | 15 | 6.5% |
| Construction | 10 | 4.3% |
| Manufacturing | 10 | 4.3% |
| Wholesale trade | 10 | 4.3% |
| Real estate and rental and leasing | 9 | 3.9% |
| Transportation and warehousing | 6 | 2.6% |
| Information | 5 | 2.2% |
| Administrative and support and waste management and remediation services | 4 | 1.7% |
| Utilities | 3 | 1.3% |
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 62863 vs 62852 →
ZIP 62863 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 62863
Mount Carmel (62863)
10,183 residents
- 47665 3,637
Owensville (47665)
3,637 residents
- 62410 985
Allendale (62410)
985 residents
- 62815 416
Bone Gap (62815)
416 residents
- 62818 330
Browns (62818)
330 residents
- 62811 310
Bellmont (62811)
310 residents
- 62852 160
Keensburg (62852)
160 residents
What this shows Among its immediate neighbors, ZIP 62863 ranks the most populous - useful context the national average alone can't give.
ZIP 62863 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 62410
Allendale (62410)
$80,588 median income
- 62852
Keensburg (62852)
$72,614 median income
- 47665
Owensville (47665)
$68,625 median income
- 62815
Bone Gap (62815)
$63,750 median income
- 62818
Browns (62818)
$58,523 median income
- 62863
Mount Carmel (62863)
$55,916 median income
- 62811
Bellmont (62811)
$52,083 median income
What this shows By household income, ZIP 62863 ranks #6 of 7 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 62863, both outside IL so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (10,183 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Wabash County
Related Areas
Frequently Asked Questions
What county is ZIP code 62863 in?
ZIP code 62863 (Mount Carmel) is located in Wabash County, Illinois. Wabash County contains multiple ZIP codes, see the full list at /counties/wabash-il.
What is the population of ZIP code 62863?
ZIP code 62863 in Mount Carmel, IL has a population of 10,183 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 62863?
The median household income in ZIP 62863 is $55,916, which is 27% below the national average of $76,288.
What is the average home value in ZIP 62863?
The median home value in ZIP 62863 is $105,500, which is 62% below the national average of $278,155.
What is the demographic makeup of ZIP 62863?
The largest racial group in ZIP 62863 is White at 93.8%. Hispanic or Latino residents make up 2.3% of the population.
How many businesses are in ZIP code 62863?
ZIP code 62863 has 230 business establishments employing approximately 2,576 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 62863?
The top industries by establishment count in ZIP 62863 are: Retail trade (35), Other services (except public administration) (31), Mining, quarrying, and oil and gas extraction (23). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 62863?
According to the FHFA House Price Index, home values in ZIP 62863 increased by 12.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 97%. 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 62863?
In ZIP code 62863, 53.0% of residents aged 25+ have a high school diploma or higher, and 19.5% 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 62863?
The mean commute time for workers in ZIP code 62863 is 21.9 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 62863?
In ZIP code 62863, approximately 73.9% of occupied housing units are owner-occupied and 26.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 62863?
The poverty rate in ZIP code 62863 is 17.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 62863's numbers, next.
- See how ZIP 62863 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Mount Carmel, IL ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.