Carpentersville, IL
Population 37,544 · Illinois
About Carpentersville, IL
Carpentersville is a mid-sized city located in Illinois with a population of 37,544 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,327 per year, which is 15% above the national median of $75,149. The median age of 33.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Carpentersville features a median home value of $225,200, which is 8% below the national median of $244,900. This positions Carpentersville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,420, 22% above the national average of $1,163/month. Of the 12,023 total housing units, 73% are owner-occupied (8,545 units) and 27% are renter-occupied (3,154 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carpentersville shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carpentersville have an average one-way commute time of 29.7 minutes.
Education & Demographics
24.0% of Carpentersville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 45.2% White, 3.0% Hispanic or Latino, 4.2% Black or African American, and 6.5% Asian residents, with 28.8% of the population being foreign-born.
How Carpentersville Ranks in Illinois
Cost of Living in Carpentersville, IL
Compared to national averages, Carpentersville has a median household income of $86,327 (15% above the national median of $75,149). Home values average $225,200, which is 8% below the national median. Monthly rent at $1,420 is 22% above the US average of $1,163. Within Illinois, Carpentersville's income is 15% above the state average of $75,072, and home values are 36% above the state median of $165,779.
Why Live in Carpentersville, IL?
Carpentersville offers a strong local economy with a median household income of $86,327, well above the national average, and affordable housing with a median home value of $225,200, below the US average of $244,900, and a low poverty rate of 9.7%, better than the national average.
Carpentersville has a population of 37,544 with a median age of 33.8 years. Compare Carpentersville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Carpentersville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hanover Park | 36,850 | $92,263 | $260,900 | Compare |
| Rock Island | 36,758 | $57,292 | $118,400 | Compare |
| Urbana | 38,447 | $45,854 | $186,300 | Compare |
| Wheeling | 38,495 | $83,251 | $244,600 | Compare |
| Streamwood | 39,055 | $101,049 | $258,300 | Compare |
| Quincy | 39,188 | $56,372 | $146,100 | Compare |
| Park Ridge | 39,241 | $138,059 | $539,300 | Compare |
| Carol Stream | 39,427 | $105,395 | $308,700 | 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 Carpentersville With Other Cities
Frequently Asked Questions about Carpentersville
What is the population of Carpentersville, IL?
The population of Carpentersville, IL is 37,544 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 Carpentersville?
The median household income in Carpentersville, IL is $86,327 per year, which is 15% above the national median of $75,149.
What is the median home value in Carpentersville?
The median home value in Carpentersville, IL is $225,200, which is 8% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carpentersville?
The median monthly rent in Carpentersville, IL is $1,420, which is 22% above the national average of $1,163/month.
What is the unemployment rate in Carpentersville?
The unemployment rate in Carpentersville, IL is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carpentersville, IL a good place to live?
Carpentersville offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 37,544 and a median age of 33.8, the city appeals to young professionals and families.
How educated is Carpentersville, IL?
24.0% of residents in Carpentersville 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 Carpentersville?
Key cost-of-living indicators for Carpentersville, IL: median home value is $225,200 (8% below national), median rent is $1,420/month, and median household income is $86,327. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carpentersville?
The poverty rate in Carpentersville, IL is 9.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carpentersville, IL?
Carpentersville's population is 45.2% White, 3.0% Hispanic or Latino, 4.2% Black or African American, 6.5% Asian, and 4.9% two or more races. 28.8% of residents are foreign-born.