Addison, IL
Population 35,470 · Illinois
About Addison, IL
Addison is a mid-sized city located in Illinois with a population of 35,470 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,587 per year, which is 17% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Addison features a median home value of $318,000, which is 30% above the national median of $244,900. This positions Addison in a moderately priced market relative to the rest of the country. Median monthly rent is $1,238, 6% above the national average of $1,163/month. Of the 13,449 total housing units, 67% are owner-occupied (8,769 units) and 33% are renter-occupied (4,305 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Addison shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 8.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Addison have an average one-way commute time of 26.1 minutes.
Education & Demographics
21.9% of Addison residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 36.9% White, 1.4% Hispanic or Latino, 1.6% Black or African American, and 5.2% Asian residents, with 35.4% of the population being foreign-born.
Cost of Living in Addison, IL
Compared to national averages, Addison has a median household income of $87,587 (17% above the national median of $75,149). Home values average $318,000, which is 30% above the national median. Monthly rent at $1,238 is 6% above the US average of $1,163. Within Illinois, Addison's income is 17% above the state average of $75,072, and home values are 92% above the state median of $165,779.
Why Live in Addison, IL?
Addison offers a strong local economy with a median household income of $87,587, well above the national average, and a low poverty rate of 8.8%, better than the national average.
Addison has a population of 35,470 with a median age of 41.1 years. Compare Addison with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Addison
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oswego | 35,463 | $119,881 | $319,000 | Compare |
| Calumet City | 35,253 | $53,991 | $133,600 | Compare |
| Northbrook | 34,642 | $155,321 | $644,100 | Compare |
| Rock Island | 36,758 | $57,292 | $118,400 | Compare |
| Hanover Park | 36,850 | $92,263 | $260,900 | Compare |
| Woodridge | 33,889 | $97,263 | $345,200 | Compare |
| Carpentersville | 37,544 | $86,327 | $225,200 | Compare |
| Glendale Heights | 32,864 | $82,232 | $249,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Addison With Other Cities
Frequently Asked Questions about Addison
What is the population of Addison, IL?
The population of Addison, IL is 35,470 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Addison?
The median household income in Addison, IL is $87,587 per year, which is 17% above the national median of $75,149.
What is the median home value in Addison?
The median home value in Addison, IL is $318,000, which is 30% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Addison?
The median monthly rent in Addison, IL is $1,238, which is 6% above the national average of $1,163/month.
What is the unemployment rate in Addison?
The unemployment rate in Addison, IL is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Addison, IL a good place to live?
Addison offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 35,470 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Addison, IL?
21.9% of residents in Addison aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Addison?
Key cost-of-living indicators for Addison, IL: median home value is $318,000 (30% above national), median rent is $1,238/month, and median household income is $87,587. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Addison?
The poverty rate in Addison, IL is 8.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Addison, IL?
Addison's population is 36.9% White, 1.4% Hispanic or Latino, 1.6% Black or African American, 5.2% Asian, and 3.1% two or more races. 35.4% of residents are foreign-born.