Algonquin, IL
Population 29,904 · Illinois
About Algonquin, IL
Algonquin is a mid-sized city in Illinois with a population of 29,904 residents. The median household income is $131,753 per year, which is above the national average. The median age in Algonquin is 41.3 years.
Housing in Algonquin has a median home value of $324,000 and median monthly rent of $1,800. Of the 11,080 total housing units, the majority are owner-occupied, with 9,584 owner-occupied and 1,330 renter-occupied units.
The unemployment rate in Algonquin is 4.4% and the poverty rate is 4.5%. 43.6% of residents hold a bachelor's degree or higher. The average commute time is 32 minutes.
Cost of Living in Algonquin, IL
Compared to national averages, Algonquin has a median household income of $131,753 (75% above the national median of $75,149). Home values average $324,000, which is 32% above the national median. Monthly rent at $1,800 is 55% above the US average of $1,163. Within Illinois, Algonquin's income is 76% above the state average of $75,072, and home values are 95% above the state median of $165,779.
Why Live in Algonquin, IL?
Algonquin offers a strong local economy with a median household income of $131,753, well above the national average, and a well-educated community where 43.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.5%, better than the national average.
Algonquin has a population of 29,904 with a median age of 41.3 years. Compare Algonquin with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Algonquin
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Galesburg | 29,653 | $45,213 | $89,800 | Compare |
| Highland Park | 30,229 | $161,875 | $594,400 | Compare |
| Niles | 30,262 | $78,563 | $350,900 | Compare |
| Gurnee | 30,486 | $121,410 | $331,100 | Compare |
| North Chicago | 30,772 | $56,815 | $147,800 | Compare |
| Lake in the Hills | 28,853 | $113,491 | $296,400 | Compare |
| Burbank | 28,822 | $83,975 | $258,900 | Compare |
| Danville | 28,663 | $44,239 | $76,800 | 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.
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Frequently Asked Questions about Algonquin
What is the population of Algonquin, IL?
The population of Algonquin, IL is 29,904 according to the latest Census data.
What is the median household income in Algonquin?
The median household income in Algonquin, IL is $131,753 per year.
What is the median home value in Algonquin?
The median home value in Algonquin, IL is $324,000.
What is the average rent in Algonquin?
The median monthly rent in Algonquin, IL is $1,800.
What is the unemployment rate in Algonquin?
The unemployment rate in Algonquin, IL is 4.4%.