Living in Buffalo Grove, Illinois
Cost of living, income, home prices, rent and demographics of Buffalo Grove · Census data 2020–2024
Buffalo Grove has 42,891 residents with a median age of 42. The median household income is $129,395 (55% higher than the Illinois median), the median home value is $412,300, the median rent is $2,037/month.
Buffalo Grove at a glance
- Population
- 42,891
- Median age
- 42State: 39
- Median household income
- $129,395State: $83,390
- Median home value
- $412,300State: $263,300
- Median rent
- $2,037/moState: $1,274
- Homeowners
- 79.8%
- Bachelor's degree or higher
- 68.6%
- Average commute
- 26 min
Is Buffalo Grove a good place to live?
Pros: Median household income 55% higher than the Illinois median; an average commute of 26 minutes; unemployment of 2.7%; a poverty rate of 7.2%.
Cons: Home values 57% higher than the state median.
The weather is best in June to September.
Cost of living in Buffalo Grove
Housing is the biggest part of the cost of living. In Buffalo Grove the median home value is $412,300, 24% higher than the U.S. median. Renters pay a median of $2,037 per month, which is 24.7% of household income. Homeowners with a mortgage pay $2,839 a month in housing costs.
Buffalo Grove median household income
The median household income in Buffalo Grove is $129,395 and the income per person is $62,568. 7.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Buffalo Grove: homes for sale and rent
- Housing units
- 16,593
- Owner-occupied
- 79.8%
- Renter-occupied
- 20.2%
- Vacant
- 2.3%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.63
Buffalo Grove demographics
- Population
- 42,891
- Median age
- 42
- Under 18
- 24.5%
- 65 and older
- 15.8%
- Households
- 16,213
- Foreign-born
- 38.1%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Buffalo Grove ›
Education in Buffalo Grove
68.6% of adults 25 and older in Buffalo Grove have a bachelor's degree or higher (Illinois: 37.8%), and 31.1% have a graduate or professional degree.
Jobs and commute in Buffalo Grove
- Unemployment rate
- 2.7%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 32.1%
- Drive alone
- 58.1%
- Public transit
- 2.8%
- Walk to work
- 1%
- Homes with broadband
- 95.1%
Buffalo Grove vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Buffalo Grove | 42,891 | $129,395 | $412,300 | $2,037 |
| Lincolnshire | 7,980 | $185,580 | $677,700 | $2,858 |
| Long Grove | 8,305 | $250,001 | $804,600 | $3,501 |
| Wheeling | 38,433 | $85,205 | $266,200 | $1,663 |
| Riverwoods | 4,013 | $249,205 | $800,700 | $1,842 |
| Indian Creek | 874 | $164,250 | $450,800 | $3,501 |
| Kildeer | 4,292 | $250,001 | $770,700 | — |
| Prospect Heights | 15,618 | $85,008 | $346,500 | $1,475 |
| Vernon Hills | 26,876 | $121,943 | $412,300 | $1,903 |
More for people moving to Buffalo Grove
Buffalo Grove ZIP code ›Weather and climate ›Living in Buffalo Grove: FAQ
What is the median household income in Buffalo Grove, IL?
The median household income in Buffalo Grove is $129,395, 55% 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 Buffalo Grove?
The median home value in Buffalo Grove is $412,300, compared with $263,300 in Illinois.
How much is rent in Buffalo Grove?
The median gross rent in Buffalo Grove is $2,037 per month, about 24.7% of household income.
Is Buffalo Grove, IL a good place to live?
Pluses: median household income 55% higher than the Illinois median; an average commute of 26 minutes; unemployment of 2.7%; a poverty rate of 7.2%. Minuses: home values 57% higher than the state median.
What is the median age in Buffalo Grove?
The median age in Buffalo Grove is 42 years (Illinois: 39).
How long is the commute in Buffalo Grove?
The average commute to work in Buffalo Grove is 26 minutes; 32.1% of workers work from home.
What is the unemployment rate in Buffalo Grove?
The unemployment rate in Buffalo Grove is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Buffalo Grove?
68.6% of adults in Buffalo Grove 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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