Elgin, IL
Population 114,106 · Illinois
About Elgin, IL
Elgin is a major city in Illinois with a population of 114,106 residents. The median household income is $88,316 per year, which is above the national average. The median age in Elgin is 36.3 years.
Housing in Elgin has a median home value of $252,400 and median monthly rent of $1,260. Of the 40,111 total housing units, the majority are owner-occupied, with 27,755 owner-occupied and 11,091 renter-occupied units.
The unemployment rate in Elgin is 6.3% and the poverty rate is 10.4%. 26.0% of residents hold a bachelor's degree or higher. The average commute time is 27.8 minutes.
How Elgin Ranks in Illinois
Cost of Living in Elgin, IL
Compared to national averages, Elgin has a median household income of $88,316 (18% above the national median of $75,149). Home values average $252,400, which is 3% above the national median. Monthly rent at $1,260 is 8% above the US average of $1,163. Within Illinois, Elgin's income is 18% above the state average of $75,072, and home values are 52% above the state median of $165,779.
Why Live in Elgin, IL?
Elgin offers a strong local economy with a median household income of $88,316, well above the national average, and a low poverty rate of 10.4%, better than the national average.
Elgin has a population of 114,106 with a median age of 36.3 years. Compare Elgin with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Elgin
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Springfield | 113,714 | $65,537 | $155,200 | Compare |
| Peoria | 112,126 | $58,716 | $149,500 | Compare |
| Waukegan | 88,919 | $70,578 | $177,600 | Compare |
| Champaign | 88,822 | $57,544 | $199,700 | Compare |
| Cicero | 83,223 | $68,548 | $236,000 | Compare |
| Rockford | 147,649 | $53,328 | $120,900 | Compare |
| Naperville | 149,424 | $150,937 | $509,900 | Compare |
| Bloomington | 78,703 | $75,449 | $198,800 | 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 Elgin
What is the population of Elgin, IL?
The population of Elgin, IL is 114,106 according to the latest Census data.
What is the median household income in Elgin?
The median household income in Elgin, IL is $88,316 per year.
What is the median home value in Elgin?
The median home value in Elgin, IL is $252,400.
What is the average rent in Elgin?
The median monthly rent in Elgin, IL is $1,260.
What is the unemployment rate in Elgin?
The unemployment rate in Elgin, IL is 6.3%.