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ZipNumbers

Illinois · Census place 14000

Chicago city, IL

Quick answer

Chicago city has 2,707,648 residents, ranking #1 of 1462 places in Illinois. Median household income is $75,134, the median home is worth $315,200 and median gross rent runs $1,380 a month.

Population
2,707,648Chicago city residents
Median household income
$75,134Past 12 months, inflation adjusted
Median home value
$315,200Owner-occupied units
Median gross rent
$1,380Rent plus utilities, monthly
Median age
35.7 yrsAll residents
Homeownership rate
45.5%Owner-occupied households

What the numbers mean in Chicago city

Housing cost measured against local earnings.

A household earning the Chicago city median would spend about 22% 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 4.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.8% of residents and 45.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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