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ZipNumbers

Illinois · Census place 70720

South Elgin village, IL

Quick answer

South Elgin village has 23,984 residents, ranking #96 of 1462 places in Illinois. Median household income is $123,744, the median home is worth $296,100 and median gross rent runs $1,619 a month.

Population
23,984South Elgin village residents
Median household income
$123,744Past 12 months, inflation adjusted
Median home value
$296,100Owner-occupied units
Median gross rent
$1,619Rent plus utilities, monthly
Median age
39.2 yrsAll residents
Homeownership rate
81.3%Owner-occupied households

What the numbers mean in South Elgin village

Housing cost measured against local earnings.

A household earning the South Elgin village median would spend about 15.7% 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 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.4% of residents and 81.3% 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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