Illinois · Census place 00685
Algonquin village, IL
Quick answer
Algonquin village has 29,904 residents, ranking #66 of 1462 places in Illinois. Median household income is $131,753, the median home is worth $324,000 and median gross rent runs $1,800 a month.
- Population
- 29,904Algonquin village residents
- Median household income
- $131,753Past 12 months, inflation adjusted
- Median home value
- $324,000Owner-occupied units
- Median gross rent
- $1,800Rent plus utilities, monthly
- Median age
- 41.3 yrsAll residents
- Homeownership rate
- 87.8%Owner-occupied households
What the numbers mean in Algonquin village
Housing cost measured against local earnings.
A household earning the Algonquin village median would spend about 16.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.5% of residents and 87.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Gurnee village 30,486
- Niles village 30,262
- Highland Park city 30,229
- Galesburg city 29,653
- Lake in the Hills village 28,853
- Burbank city 28,822
- Danville city 28,663
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