Living in Elmwood Park, Illinois
Cost of living, income, home prices, rent and demographics of Elmwood Park · Census data 2020–2024
Elmwood Park has 23,868 residents with a median age of 41.5. The median household income is $91,955 (10% higher than the Illinois median), the median home value is $339,300, the median rent is $1,334/month.
Elmwood Park at a glance
- Population
- 23,868
- Median age
- 41.5State: 39
- Median household income
- $91,955State: $83,390
- Median home value
- $339,300State: $263,300
- Median rent
- $1,334/moState: $1,274
- Homeowners
- 65.2%
- Bachelor's degree or higher
- 32.6%
- Average commute
- 32 min
Is Elmwood Park a good place to live?
Pros: Median household income 10% higher than the Illinois median; a poverty rate of 8%.
Cons: Home values 29% higher than the state median; an average commute of 32 minutes; unemployment of 5.9%.
The weather is best in June to September.
Cost of living in Elmwood Park
Housing is the biggest part of the cost of living. In Elmwood Park the median home value is $339,300, about the same as the U.S. median. Renters pay a median of $1,334 per month, which is 25% of household income. Homeowners with a mortgage pay $2,348 a month in housing costs.
Elmwood Park median household income
The median household income in Elmwood Park is $91,955 and the income per person is $42,786. 8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Elmwood Park: homes for sale and rent
- Housing units
- 9,882
- Owner-occupied
- 65.2%
- Renter-occupied
- 34.8%
- Vacant
- 6%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.55
Elmwood Park demographics
- Population
- 23,868
- Median age
- 41.5
- Under 18
- 20.3%
- 65 and older
- 17%
- Households
- 9,285
- Foreign-born
- 25%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Elmwood Park ›
Education in Elmwood Park
32.6% of adults 25 and older in Elmwood Park have a bachelor's degree or higher (Illinois: 37.8%), and 13.3% have a graduate or professional degree.
Jobs and commute in Elmwood Park
- Unemployment rate
- 5.9%State: 5.8%
- Average commute
- 32 minState: 28 min
- Work from home
- 13.7%
- Drive alone
- 70.8%
- Public transit
- 5%
- Walk to work
- 1.5%
- Homes with broadband
- 89.6%
Elmwood Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elmwood Park | 23,868 | $91,955 | $339,300 | $1,334 |
| River Grove | 10,451 | $69,858 | $241,800 | $1,214 |
| River Forest | 11,992 | $146,786 | $687,300 | $1,554 |
| Melrose Park | 24,549 | $66,189 | $275,800 | $1,176 |
| Oak Park | 53,292 | $110,820 | $465,500 | $1,593 |
| Norridge | 15,439 | $87,807 | $374,900 | $1,433 |
| Harwood Heights | 8,821 | $81,086 | $321,900 | $1,236 |
| Maywood | 23,201 | $68,815 | $229,800 | $1,209 |
| Franklin Park | 18,197 | $76,519 | $287,000 | $1,109 |
More for people moving to Elmwood Park
Elmwood Park ZIP code ›Weather and climate ›Living in Elmwood Park: FAQ
What is the median household income in Elmwood Park, IL?
The median household income in Elmwood Park is $91,955, 10% 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 Elmwood Park?
The median home value in Elmwood Park is $339,300, compared with $263,300 in Illinois.
How much is rent in Elmwood Park?
The median gross rent in Elmwood Park is $1,334 per month, about 25% of household income.
Is Elmwood Park, IL a good place to live?
Pluses: median household income 10% higher than the Illinois median; a poverty rate of 8%. Minuses: home values 29% higher than the state median; an average commute of 32 minutes; unemployment of 5.9%.
What is the median age in Elmwood Park?
The median age in Elmwood Park is 41.5 years (Illinois: 39).
How long is the commute in Elmwood Park?
The average commute to work in Elmwood Park is 32 minutes; 13.7% of workers work from home.
What is the unemployment rate in Elmwood Park?
The unemployment rate in Elmwood Park is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elmwood Park?
32.6% of adults in Elmwood Park 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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