Living in Knollwood, Illinois
Cost of living, income, home prices, rent and demographics of Knollwood · Census data 2020–2024
Knollwood has 1,864 residents with a median age of 36.4. The median household income is $138,618 (66% higher than the Illinois median), the median home value is $393,000, the median rent is $1,659/month.
Knollwood at a glance
- Population
- 1,864
- Median age
- 36.4State: 39
- Median household income
- $138,618State: $83,390
- Median home value
- $393,000State: $263,300
- Median rent
- $1,659/moState: $1,274
- Homeowners
- 77.8%
- Bachelor's degree or higher
- 43.2%
- Average commute
- 21 min
Is Knollwood a good place to live?
Pros: Median household income 66% higher than the Illinois median; an average commute of 21 minutes; unemployment of 0%; a poverty rate of 7.8%.
Cons: Home values 49% higher than the state median.
The weather is best in June to September.
Cost of living in Knollwood
Housing is the biggest part of the cost of living. In Knollwood the median home value is $393,000, 18% higher than the U.S. median. Renters pay a median of $1,659 per month, which is 37% of household income. Homeowners with a mortgage pay $2,437 a month in housing costs.
Knollwood median household income
The median household income in Knollwood is $138,618 and the income per person is $46,813. 7.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Knollwood: homes for sale and rent
- Housing units
- 688
- Owner-occupied
- 77.8%
- Renter-occupied
- 22.2%
- Vacant
- 14.1%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.98
Knollwood demographics
- Population
- 1,864
- Median age
- 36.4
- Under 18
- 36.6%
- 65 and older
- 19.3%
- Households
- 591
- Foreign-born
- 9.7%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Knollwood ›
Education in Knollwood
43.2% of adults 25 and older in Knollwood have a bachelor's degree or higher (Illinois: 37.8%), and 8.5% have a graduate or professional degree.
Jobs and commute in Knollwood
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 34.8%
- Drive alone
- 59.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Knollwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Knollwood | 1,864 | $138,618 | $393,000 | $1,659 |
| Lake Bluff | 6,041 | $204,000 | $776,700 | $2,063 |
| Green Oaks | 4,096 | $147,614 | $673,100 | $1,356 |
| North Chicago | 30,643 | $60,172 | $159,600 | $1,426 |
| Mettawa | 663 | $181,333 | $871,500 | — |
| Lake Forest | 19,416 | $235,081 | $938,300 | $1,815 |
| Libertyville | 20,525 | $165,667 | $512,000 | $1,637 |
| Park City | 7,827 | $60,171 | $57,400 | $1,110 |
| Vernon Hills | 26,876 | $121,943 | $412,300 | $1,903 |
More for people moving to Knollwood
Knollwood ZIP code ›Weather and climate ›Living in Knollwood: FAQ
What is the median household income in Knollwood, IL?
The median household income in Knollwood is $138,618, 66% 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 Knollwood?
The median home value in Knollwood is $393,000, compared with $263,300 in Illinois.
How much is rent in Knollwood?
The median gross rent in Knollwood is $1,659 per month, about 37% of household income.
Is Knollwood, IL a good place to live?
Pluses: median household income 66% higher than the Illinois median; an average commute of 21 minutes; unemployment of 0%; a poverty rate of 7.8%. Minuses: home values 49% higher than the state median.
What is the median age in Knollwood?
The median age in Knollwood is 36.4 years (Illinois: 39).
How long is the commute in Knollwood?
The average commute to work in Knollwood is 21 minutes; 34.8% of workers work from home.
What is the unemployment rate in Knollwood?
The unemployment rate in Knollwood is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Knollwood?
43.2% of adults in Knollwood 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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