Living in Wheeling, Illinois
Cost of living, income, home prices, rent and demographics of Wheeling · Census data 2020–2024
Wheeling has 38,433 residents with a median age of 39.9. The median household income is $85,205 (about the same as the Illinois median), the median home value is $266,200, the median rent is $1,663/month.
Wheeling at a glance
- Population
- 38,433
- Median age
- 39.9State: 39
- Median household income
- $85,205State: $83,390
- Median home value
- $266,200State: $263,300
- Median rent
- $1,663/moState: $1,274
- Homeowners
- 62.7%
- Bachelor's degree or higher
- 40.8%
- Average commute
- 26 min
Is Wheeling a good place to live?
Pros: Median household income about the same as the Illinois median; an average commute of 26 minutes; unemployment of 4.8%; a poverty rate of 10%.
Cons: Home values about the same as the state median.
The weather is best in June to September.
Cost of living in Wheeling
Housing is the biggest part of the cost of living. In Wheeling the median home value is $266,200, 20% lower than the U.S. median. Renters pay a median of $1,663 per month, which is 28.5% of household income. Homeowners with a mortgage pay $1,909 a month in housing costs.
Wheeling median household income
The median household income in Wheeling is $85,205 and the income per person is $41,499. 10% of residents live below the poverty line (Illinois: 11.8%).
Housing in Wheeling: homes for sale and rent
- Housing units
- 16,045
- Owner-occupied
- 62.7%
- Renter-occupied
- 37.3%
- Vacant
- 5.4%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.49
Wheeling demographics
- Population
- 38,433
- Median age
- 39.9
- Under 18
- 20.6%
- 65 and older
- 17.6%
- Households
- 15,171
- Foreign-born
- 45.4%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Wheeling ›
Education in Wheeling
40.8% of adults 25 and older in Wheeling have a bachelor's degree or higher (Illinois: 37.8%), and 13.7% have a graduate or professional degree.
Jobs and commute in Wheeling
- Unemployment rate
- 4.8%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 14.3%
- Drive alone
- 69.2%
- Public transit
- 2.4%
- Walk to work
- 1.2%
- Homes with broadband
- 94.2%
Wheeling vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wheeling | 38,433 | $85,205 | $266,200 | $1,663 |
| Prospect Heights | 15,618 | $85,008 | $346,500 | $1,475 |
| Buffalo Grove | 42,891 | $129,395 | $412,300 | $2,037 |
| Riverwoods | 4,013 | $249,205 | $800,700 | $1,842 |
| Arlington Heights | 76,005 | $116,723 | $414,500 | $1,760 |
| Deerfield | 19,518 | $181,660 | $623,400 | $2,482 |
| Northbrook | 34,585 | $157,782 | $652,300 | $2,463 |
| Mount Prospect | 55,472 | $101,720 | $397,400 | $1,502 |
| Lincolnshire | 7,980 | $185,580 | $677,700 | $2,858 |
More for people moving to Wheeling
Wheeling ZIP code ›Weather and climate ›Living in Wheeling: FAQ
What is the median household income in Wheeling, IL?
The median household income in Wheeling is $85,205, about the same as 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 Wheeling?
The median home value in Wheeling is $266,200, compared with $263,300 in Illinois.
How much is rent in Wheeling?
The median gross rent in Wheeling is $1,663 per month, about 28.5% of household income.
Is Wheeling, IL a good place to live?
Pluses: median household income about the same as the Illinois median; an average commute of 26 minutes; unemployment of 4.8%; a poverty rate of 10%. Minuses: home values about the same as the state median.
What is the median age in Wheeling?
The median age in Wheeling is 39.9 years (Illinois: 39).
How long is the commute in Wheeling?
The average commute to work in Wheeling is 26 minutes; 14.3% of workers work from home.
What is the unemployment rate in Wheeling?
The unemployment rate in Wheeling is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wheeling?
40.8% of adults in Wheeling 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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