Living in Algonquin, Illinois
Cost of living, income, home prices, rent and demographics of Algonquin · Census data 2020–2024
Algonquin has 30,067 residents with a median age of 41.4. The median household income is $134,525 (61% higher than the Illinois median), the median home value is $351,000, the median rent is $1,723/month.
Algonquin at a glance
- Population
- 30,067
- Median age
- 41.4State: 39
- Median household income
- $134,525State: $83,390
- Median home value
- $351,000State: $263,300
- Median rent
- $1,723/moState: $1,274
- Homeowners
- 88.2%
- Bachelor's degree or higher
- 43.6%
- Average commute
- 31 min
Is Algonquin a good place to live?
Pros: Median household income 61% higher than the Illinois median; unemployment of 4.1%; a poverty rate of 4.1%.
Cons: Home values 33% higher than the state median; an average commute of 31 minutes.
The weather is best in June to September.
Cost of living in Algonquin
Housing is the biggest part of the cost of living. In Algonquin the median home value is $351,000, 6% higher than the U.S. median. Renters pay a median of $1,723 per month, which is 24.6% of household income. Homeowners with a mortgage pay $2,307 a month in housing costs.
Algonquin median household income
The median household income in Algonquin is $134,525 and the income per person is $54,037. 4.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Algonquin: homes for sale and rent
- Housing units
- 11,151
- Owner-occupied
- 88.2%
- Renter-occupied
- 11.8%
- Vacant
- 1.6%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.74
Algonquin demographics
- Population
- 30,067
- Median age
- 41.4
- Under 18
- 20.8%
- 65 and older
- 15%
- Households
- 10,968
- Foreign-born
- 12.3%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Algonquin ›
Education in Algonquin
43.6% of adults 25 and older in Algonquin have a bachelor's degree or higher (Illinois: 37.8%), and 16.3% have a graduate or professional degree.
Jobs and commute in Algonquin
- Unemployment rate
- 4.1%State: 5.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 23.1%
- Drive alone
- 68.4%
- Public transit
- 1.2%
- Walk to work
- 0.9%
- Homes with broadband
- 95%
Algonquin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Algonquin | 30,067 | $134,525 | $351,000 | $1,723 |
| Lake in the Hills | 28,800 | $117,151 | $321,900 | $1,689 |
| Carpentersville | 37,346 | $86,917 | $234,100 | $1,414 |
| West Dundee | 7,906 | $105,368 | $360,800 | $1,666 |
| Gilberts | 8,606 | $146,333 | $347,300 | $1,901 |
| Trout Valley | 574 | $217,292 | $446,200 | — |
| Sleepy Hollow | 3,161 | $149,813 | $382,800 | $1,363 |
| Crystal Lake | 40,579 | $108,418 | $311,400 | $1,468 |
| Cary | 17,923 | $113,026 | $309,800 | $1,428 |
More for people moving to Algonquin
Algonquin ZIP code ›Weather and climate ›Living in Algonquin: FAQ
What is the median household income in Algonquin, IL?
The median household income in Algonquin is $134,525, 61% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Algonquin?
The median home value in Algonquin is $351,000, compared with $263,300 in Illinois.
How much is rent in Algonquin?
The median gross rent in Algonquin is $1,723 per month, about 24.6% of household income.
Is Algonquin, IL a good place to live?
Pluses: median household income 61% higher than the Illinois median; unemployment of 4.1%; a poverty rate of 4.1%. Minuses: home values 33% higher than the state median; an average commute of 31 minutes.
What is the median age in Algonquin?
The median age in Algonquin is 41.4 years (Illinois: 39).
How long is the commute in Algonquin?
The average commute to work in Algonquin is 31 minutes; 23.1% of workers work from home.
What is the unemployment rate in Algonquin?
The unemployment rate in Algonquin is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Algonquin?
43.6% of adults in Algonquin have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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