Living in Libertyville, Illinois
Cost of living, income, home prices, rent and demographics of Libertyville · Census data 2020–2024
Libertyville has 20,525 residents with a median age of 42.1. The median household income is $165,667 (99% higher than the Illinois median), the median home value is $512,000, the median rent is $1,637/month.
Libertyville at a glance
- Population
- 20,525
- Median age
- 42.1State: 39
- Median household income
- $165,667State: $83,390
- Median home value
- $512,000State: $263,300
- Median rent
- $1,637/moState: $1,274
- Homeowners
- 80.3%
- Bachelor's degree or higher
- 71%
- Average commute
- 26 min
Is Libertyville a good place to live?
Pros: Median household income 99% higher than the Illinois median; an average commute of 26 minutes; unemployment of 2.9%; a poverty rate of 4.2%.
Cons: Home values 94% higher than the state median.
The weather is best in June to September.
Cost of living in Libertyville
Housing is the biggest part of the cost of living. In Libertyville the median home value is $512,000, 54% higher than the U.S. median. Renters pay a median of $1,637 per month, which is 30.5% of household income. Homeowners with a mortgage pay $3,324 a month in housing costs.
Libertyville median household income
The median household income in Libertyville is $165,667 and the income per person is $82,024. 4.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Libertyville: homes for sale and rent
- Housing units
- 7,925
- Owner-occupied
- 80.3%
- Renter-occupied
- 19.7%
- Vacant
- 3.3%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.61
Libertyville demographics
- Population
- 20,525
- Median age
- 42.1
- Under 18
- 25.2%
- 65 and older
- 18.1%
- Households
- 7,664
- Foreign-born
- 11.1%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Libertyville ›
Education in Libertyville
71% of adults 25 and older in Libertyville have a bachelor's degree or higher (Illinois: 37.8%), and 30.2% have a graduate or professional degree.
Jobs and commute in Libertyville
- Unemployment rate
- 2.9%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 28.9%
- Drive alone
- 61.2%
- Public transit
- 2.6%
- Walk to work
- 1.9%
- Homes with broadband
- 96%
Libertyville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Libertyville | 20,525 | $165,667 | $512,000 | $1,637 |
| Mundelein | 31,915 | $108,340 | $309,700 | $1,566 |
| Green Oaks | 4,096 | $147,614 | $673,100 | $1,356 |
| Vernon Hills | 26,876 | $121,943 | $412,300 | $1,903 |
| Mettawa | 663 | $181,333 | $871,500 | — |
| Indian Creek | 874 | $164,250 | $450,800 | $3,501 |
| Knollwood | 1,864 | $138,618 | $393,000 | $1,659 |
| Gages Lake | 10,819 | $103,318 | $310,500 | $1,693 |
| Grayslake | 20,929 | $113,972 | $309,500 | $1,485 |
More for people moving to Libertyville
Libertyville ZIP code ›Weather and climate ›Living in Libertyville: FAQ
What is the median household income in Libertyville, IL?
The median household income in Libertyville is $165,667, 99% 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 Libertyville?
The median home value in Libertyville is $512,000, compared with $263,300 in Illinois.
How much is rent in Libertyville?
The median gross rent in Libertyville is $1,637 per month, about 30.5% of household income.
Is Libertyville, IL a good place to live?
Pluses: median household income 99% higher than the Illinois median; an average commute of 26 minutes; unemployment of 2.9%; a poverty rate of 4.2%. Minuses: home values 94% higher than the state median.
What is the median age in Libertyville?
The median age in Libertyville is 42.1 years (Illinois: 39).
How long is the commute in Libertyville?
The average commute to work in Libertyville is 26 minutes; 28.9% of workers work from home.
What is the unemployment rate in Libertyville?
The unemployment rate in Libertyville is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Libertyville?
71% of adults in Libertyville 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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