Living in Schaumburg, Illinois
Cost of living, income, home prices, rent and demographics of Schaumburg · Census data 2020–2024
Schaumburg has 76,868 residents with a median age of 39.6. The median household income is $97,514 (17% higher than the Illinois median), the median home value is $330,400, the median rent is $1,812/month.
Schaumburg at a glance
- Population
- 76,868
- Median age
- 39.6State: 39
- Median household income
- $97,514State: $83,390
- Median home value
- $330,400State: $263,300
- Median rent
- $1,812/moState: $1,274
- Homeowners
- 62.9%
- Bachelor's degree or higher
- 50.4%
- Average commute
- 28 min
Is Schaumburg a good place to live?
Pros: Median household income 17% higher than the Illinois median; an average commute of 28 minutes; unemployment of 3.5%; a poverty rate of 5.7%.
Cons: Home values 25% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Schaumburg
Housing is the biggest part of the cost of living. In Schaumburg the median home value is $330,400, about the same as the U.S. median. Renters pay a median of $1,812 per month, which is 25.7% of household income. Homeowners with a mortgage pay $2,126 a month in housing costs.
Schaumburg median household income
The median household income in Schaumburg is $97,514 and the income per person is $51,322. 5.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Schaumburg: homes for sale and rent
- Housing units
- 33,346
- Owner-occupied
- 62.9%
- Renter-occupied
- 37.1%
- Vacant
- 5.1%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.41
Schaumburg demographics
- Population
- 76,868
- Median age
- 39.6
- Under 18
- 23.2%
- 65 and older
- 17.1%
- Households
- 31,655
- Foreign-born
- 32.7%
- Veterans
- 4%Adults 18+
Hispanic or Latino can be of any race. Population history of Schaumburg ›
Education in Schaumburg
50.4% of adults 25 and older in Schaumburg have a bachelor's degree or higher (Illinois: 37.8%), and 19.7% have a graduate or professional degree.
Jobs and commute in Schaumburg
- Unemployment rate
- 3.5%State: 5.8%
- Average commute
- 28 minState: 28 min
- Work from home
- 20.1%
- Drive alone
- 68.6%
- Public transit
- 3.5%
- Walk to work
- 0.7%
- Homes with broadband
- 95.4%
Schaumburg vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Schaumburg | 76,868 | $97,514 | $330,400 | $1,812 |
| Roselle | 22,752 | $111,318 | $344,700 | $1,641 |
| Hoffman Estates | 51,175 | $106,806 | $351,900 | $1,734 |
| Hanover Park | 36,732 | $91,763 | $274,200 | $1,594 |
| Rolling Meadows | 24,027 | $98,514 | $326,200 | $1,607 |
| Streamwood | 39,001 | $101,218 | $271,200 | $1,809 |
| Itasca | 9,355 | $114,294 | $390,800 | $1,892 |
| Elk Grove Village | 31,987 | $94,175 | $347,100 | $1,618 |
| Bloomingdale | 22,457 | $102,928 | $376,500 | $1,603 |
More for people moving to Schaumburg
Schaumburg ZIP code ›Weather and climate ›Living in Schaumburg: FAQ
What is the median household income in Schaumburg, IL?
The median household income in Schaumburg is $97,514, 17% 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 Schaumburg?
The median home value in Schaumburg is $330,400, compared with $263,300 in Illinois.
How much is rent in Schaumburg?
The median gross rent in Schaumburg is $1,812 per month, about 25.7% of household income.
Is Schaumburg, IL a good place to live?
Pluses: median household income 17% higher than the Illinois median; an average commute of 28 minutes; unemployment of 3.5%; a poverty rate of 5.7%. Minuses: home values 25% higher than the state median.
What is the median age in Schaumburg?
The median age in Schaumburg is 39.6 years (Illinois: 39).
How long is the commute in Schaumburg?
The average commute to work in Schaumburg is 28 minutes; 20.1% of workers work from home.
What is the unemployment rate in Schaumburg?
The unemployment rate in Schaumburg is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Schaumburg?
50.4% of adults in Schaumburg 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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