Living in Lincolnwood, Illinois
Cost of living, income, home prices, rent and demographics of Lincolnwood · Census data 2020–2024
Lincolnwood has 13,112 residents with a median age of 45.6. The median household income is $109,731 (32% higher than the Illinois median), the median home value is $496,400, the median rent is $3,501/month.
Lincolnwood at a glance
- Population
- 13,112
- Median age
- 45.6State: 39
- Median household income
- $109,731State: $83,390
- Median home value
- $496,400State: $263,300
- Median rent
- $3,501/moState: $1,274
- Homeowners
- 83.8%
- Bachelor's degree or higher
- 56.5%
- Average commute
- 29 min
Is Lincolnwood a good place to live?
Pros: Median household income 32% higher than the Illinois median; a poverty rate of 6.3%.
Cons: Home values 89% higher than the state median; an average commute of 29 minutes; unemployment of 7.8%.
The weather is best in June to September.
Cost of living in Lincolnwood
Housing is the biggest part of the cost of living. In Lincolnwood the median home value is $496,400, 49% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 51% of household income. Homeowners with a mortgage pay $3,204 a month in housing costs.
Lincolnwood median household income
The median household income in Lincolnwood is $109,731 and the income per person is $59,080. 6.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lincolnwood: homes for sale and rent
- Housing units
- 4,955
- Owner-occupied
- 83.8%
- Renter-occupied
- 16.2%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.80
Lincolnwood demographics
- Population
- 13,112
- Median age
- 45.6
- Under 18
- 23.4%
- 65 and older
- 27.9%
- Households
- 4,621
- Foreign-born
- 34%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lincolnwood ›
Education in Lincolnwood
56.5% of adults 25 and older in Lincolnwood have a bachelor's degree or higher (Illinois: 37.8%), and 22.8% have a graduate or professional degree.
Jobs and commute in Lincolnwood
- Unemployment rate
- 7.8%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 24.8%
- Drive alone
- 59.3%
- Public transit
- 4.1%
- Walk to work
- 0.7%
- Homes with broadband
- 91.1%
Lincolnwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lincolnwood | 13,112 | $109,731 | $496,400 | $3,501 |
| Skokie | 66,219 | $95,337 | $387,200 | $1,552 |
| Evanston | 76,340 | $96,434 | $481,200 | $1,762 |
| Morton Grove | 24,619 | $111,116 | $389,100 | $2,164 |
| Niles | 30,064 | $75,274 | $358,700 | $1,336 |
| Golf | 518 | $242,772 | $954,700 | — |
| Harwood Heights | 8,821 | $81,086 | $321,900 | $1,236 |
| Wilmette | 27,503 | $190,662 | $810,600 | $1,978 |
| Norridge | 15,439 | $87,807 | $374,900 | $1,433 |
More for people moving to Lincolnwood
Lincolnwood ZIP code ›Weather and climate ›Living in Lincolnwood: FAQ
What is the median household income in Lincolnwood, IL?
The median household income in Lincolnwood is $109,731, 32% 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 Lincolnwood?
The median home value in Lincolnwood is $496,400, compared with $263,300 in Illinois.
How much is rent in Lincolnwood?
The median gross rent in Lincolnwood is $3,501 per month, about 51% of household income.
Is Lincolnwood, IL a good place to live?
Pluses: median household income 32% higher than the Illinois median; a poverty rate of 6.3%. Minuses: home values 89% higher than the state median; an average commute of 29 minutes; unemployment of 7.8%.
What is the median age in Lincolnwood?
The median age in Lincolnwood is 45.6 years (Illinois: 39).
How long is the commute in Lincolnwood?
The average commute to work in Lincolnwood is 29 minutes; 24.8% of workers work from home.
What is the unemployment rate in Lincolnwood?
The unemployment rate in Lincolnwood is 7.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lincolnwood?
56.5% of adults in Lincolnwood 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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