Living in Riverwoods, Illinois
Cost of living, income, home prices, rent and demographics of Riverwoods · Census data 2020–2024
Riverwoods has 4,013 residents with a median age of 50.4. The median household income is $249,205 (199% higher than the Illinois median), the median home value is $800,700, the median rent is $1,842/month.
Riverwoods at a glance
- Population
- 4,013
- Median age
- 50.4State: 39
- Median household income
- $249,205State: $83,390
- Median home value
- $800,700State: $263,300
- Median rent
- $1,842/moState: $1,274
- Homeowners
- 93.3%
- Bachelor's degree or higher
- 76.6%
- Average commute
- 34 min
Is Riverwoods a good place to live?
Pros: Median household income 199% higher than the Illinois median; unemployment of 0.7%; a poverty rate of 0.7%.
Cons: Home values 204% higher than the state median; an average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Riverwoods
Housing is the biggest part of the cost of living. In Riverwoods the median home value is $800,700, 141% higher than the U.S. median. Renters pay a median of $1,842 per month, which is 51% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Riverwoods median household income
The median household income in Riverwoods is $249,205 and the income per person is $108,010. 0.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Riverwoods: homes for sale and rent
- Housing units
- 1,367
- Owner-occupied
- 93.3%
- Renter-occupied
- 6.7%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 3.09
Riverwoods demographics
- Population
- 4,013
- Median age
- 50.4
- Under 18
- 21.6%
- 65 and older
- 24.9%
- Households
- 1,241
- Foreign-born
- 18.1%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Riverwoods ›
Education in Riverwoods
76.6% of adults 25 and older in Riverwoods have a bachelor's degree or higher (Illinois: 37.8%), and 37.1% have a graduate or professional degree.
Jobs and commute in Riverwoods
- Unemployment rate
- 0.7%State: 5.8%
- Average commute
- 34 minState: 28 min
- Work from home
- 24.7%
- Drive alone
- 61%
- Public transit
- 7.8%
- Walk to work
- 2%
- Homes with broadband
- 95.7%
Riverwoods vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Riverwoods | 4,013 | $249,205 | $800,700 | $1,842 |
| Bannockburn | 1,148 | $214,000 | $1,037,200 | — |
| Lincolnshire | 7,980 | $185,580 | $677,700 | $2,858 |
| Deerfield | 19,518 | $181,660 | $623,400 | $2,482 |
| Wheeling | 38,433 | $85,205 | $266,200 | $1,663 |
| Buffalo Grove | 42,891 | $129,395 | $412,300 | $2,037 |
| Northbrook | 34,585 | $157,782 | $652,300 | $2,463 |
| Highland Park | 30,398 | $168,094 | $607,300 | $1,925 |
| Lake Forest | 19,416 | $235,081 | $938,300 | $1,815 |
More for people moving to Riverwoods
Riverwoods ZIP code ›Weather and climate ›Living in Riverwoods: FAQ
What is the median household income in Riverwoods, IL?
The median household income in Riverwoods is $249,205, 199% 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 Riverwoods?
The median home value in Riverwoods is $800,700, compared with $263,300 in Illinois.
How much is rent in Riverwoods?
The median gross rent in Riverwoods is $1,842 per month, about 51% of household income.
Is Riverwoods, IL a good place to live?
Pluses: median household income 199% higher than the Illinois median; unemployment of 0.7%; a poverty rate of 0.7%. Minuses: home values 204% higher than the state median; an average commute of 34 minutes.
What is the median age in Riverwoods?
The median age in Riverwoods is 50.4 years (Illinois: 39).
How long is the commute in Riverwoods?
The average commute to work in Riverwoods is 34 minutes; 24.7% of workers work from home.
What is the unemployment rate in Riverwoods?
The unemployment rate in Riverwoods is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Riverwoods?
76.6% of adults in Riverwoods 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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