Living in Highwood, Illinois
Cost of living, income, home prices, rent and demographics of Highwood · Census data 2020–2024
Highwood has 5,301 residents with a median age of 41. The median household income is $107,875 (29% higher than the Illinois median), the median home value is $405,400, the median rent is $1,900/month.
Highwood at a glance
- Population
- 5,301
- Median age
- 41State: 39
- Median household income
- $107,875State: $83,390
- Median home value
- $405,400State: $263,300
- Median rent
- $1,900/moState: $1,274
- Homeowners
- 56%
- Bachelor's degree or higher
- 39.1%
- Average commute
- 31 min
Is Highwood a good place to live?
Pros: Median household income 29% higher than the Illinois median.
Cons: Home values 54% higher than the state median; an average commute of 31 minutes; unemployment of 6%; a poverty rate of 16%.
The weather is best in June to September.
Cost of living in Highwood
Housing is the biggest part of the cost of living. In Highwood the median home value is $405,400, 22% higher than the U.S. median. Renters pay a median of $1,900 per month, which is 27.7% of household income. Homeowners with a mortgage pay $2,946 a month in housing costs.
Highwood median household income
The median household income in Highwood is $107,875 and the income per person is $51,301. 16% of residents live below the poverty line (Illinois: 11.8%).
Housing in Highwood: homes for sale and rent
- Housing units
- 2,076
- Owner-occupied
- 56%
- Renter-occupied
- 44%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.57
Highwood demographics
- Population
- 5,301
- Median age
- 41
- Under 18
- 21.7%
- 65 and older
- 21.5%
- Households
- 2,025
- Foreign-born
- 22.9%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Highwood ›
Education in Highwood
39.1% of adults 25 and older in Highwood have a bachelor's degree or higher (Illinois: 37.8%), and 17.6% have a graduate or professional degree.
Jobs and commute in Highwood
- Unemployment rate
- 6%State: 5.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 15.2%
- Drive alone
- 57.6%
- Public transit
- 3.3%
- Walk to work
- 1.8%
- Homes with broadband
- 96.4%
Highwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Highwood | 5,301 | $107,875 | $405,400 | $1,900 |
| Highland Park | 30,398 | $168,094 | $607,300 | $1,925 |
| Lake Forest | 19,416 | $235,081 | $938,300 | $1,815 |
| Bannockburn | 1,148 | $214,000 | $1,037,200 | — |
| Deerfield | 19,518 | $181,660 | $623,400 | $2,482 |
| Riverwoods | 4,013 | $249,205 | $800,700 | $1,842 |
| Lincolnshire | 7,980 | $185,580 | $677,700 | $2,858 |
| Northbrook | 34,585 | $157,782 | $652,300 | $2,463 |
| Glencoe | 8,701 | $248,933 | $1,432,500 | $2,211 |
More for people moving to Highwood
Highwood ZIP code ›Weather and climate ›Living in Highwood: FAQ
What is the median household income in Highwood, IL?
The median household income in Highwood is $107,875, 29% 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 Highwood?
The median home value in Highwood is $405,400, compared with $263,300 in Illinois.
How much is rent in Highwood?
The median gross rent in Highwood is $1,900 per month, about 27.7% of household income.
Is Highwood, IL a good place to live?
Pluses: median household income 29% higher than the Illinois median. Minuses: home values 54% higher than the state median; an average commute of 31 minutes; unemployment of 6%; a poverty rate of 16%.
What is the median age in Highwood?
The median age in Highwood is 41 years (Illinois: 39).
How long is the commute in Highwood?
The average commute to work in Highwood is 31 minutes; 15.2% of workers work from home.
What is the unemployment rate in Highwood?
The unemployment rate in Highwood is 6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Highwood?
39.1% of adults in Highwood 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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