Crestwood, IL
Population 10,622 · Illinois
About Crestwood, IL
Crestwood is a mid-sized city located in Illinois with a population of 10,622 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,686 per year, which is 9% below the national median of $75,149. The median age of 50.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Crestwood features a median home value of $187,700, which is 23% below the national median of $244,900. This positions Crestwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,300, 12% above the national average of $1,163/month. Of the 5,348 total housing units, 77% are owner-occupied (3,877 units) and 23% are renter-occupied (1,143 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Crestwood shows an unemployment rate of 7.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Crestwood have an average one-way commute time of 33.5 minutes.
Education & Demographics
23.1% of Crestwood 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 13.0% White, 1.2% Hispanic or Latino, 1.0% Black or African American, and 0.6% Asian residents, with 12.1% of the population being foreign-born.
Cost of Living in Crestwood, IL
Compared to national averages, Crestwood has a median household income of $68,686 (9% below the national median of $75,149). Home values average $187,700, which is 23% below the national median. Monthly rent at $1,300 is 12% above the US average of $1,163. Within Illinois, Crestwood's income is 9% below the state average of $75,072, and home values are 13% above the state median of $165,779.
Why Live in Crestwood, IL?
Crestwood offers affordable housing with a median home value of $187,700, below the US average of $244,900, and a low poverty rate of 10.3%, better than the national average.
Potential considerations include median household income ($68,686) that falls below the national average. However, Crestwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Crestwood has a population of 10,622 with a median age of 50.7 years. Compare Crestwood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Crestwood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pingree Grove | 10,576 | $119,880 | $298,300 | Compare |
| Gages Lake | 10,706 | $105,114 | $291,200 | Compare |
| Campton Hills | 10,724 | $192,727 | $510,100 | Compare |
| Riverdale | 10,515 | $45,709 | $104,800 | Compare |
| Worth | 10,731 | $56,998 | $220,200 | Compare |
| River Grove | 10,482 | $74,793 | $244,700 | Compare |
| Lyons | 10,391 | $64,209 | $243,500 | Compare |
| Fox Lake | 10,872 | $69,896 | $219,300 | 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 Crestwood With Other Cities
Frequently Asked Questions about Crestwood
What is the population of Crestwood, IL?
The population of Crestwood, IL is 10,622 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 Crestwood?
The median household income in Crestwood, IL is $68,686 per year, which is 9% below the national median of $75,149.
What is the median home value in Crestwood?
The median home value in Crestwood, IL is $187,700, which is 23% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Crestwood?
The median monthly rent in Crestwood, IL is $1,300, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Crestwood?
The unemployment rate in Crestwood, IL is 7.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Crestwood, IL a good place to live?
Crestwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 10,622 and a median age of 50.7, the city appeals to established professionals and retirees.
How educated is Crestwood, IL?
23.1% of residents in Crestwood 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 Crestwood?
Key cost-of-living indicators for Crestwood, IL: median home value is $187,700 (23% below national), median rent is $1,300/month, and median household income is $68,686. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Crestwood?
The poverty rate in Crestwood, IL is 10.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Crestwood, IL?
Crestwood's population is 13.0% White, 1.2% Hispanic or Latino, 1.0% Black or African American, 0.6% Asian, and 12.4% two or more races. 12.1% of residents are foreign-born.