Elk Grove Village, IL
Population 32,132 · Illinois
About Elk Grove Village, IL
Elk Grove Village is a mid-sized city located in Illinois with a population of 32,132 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,216 per year, which is 27% above the national median of $75,149. The median age of 43.9 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 Elk Grove Village features a median home value of $334,400, which is 37% above the national median of $244,900. This positions Elk Grove Village in a moderately priced market relative to the rest of the country. Median monthly rent is $1,574, 35% above the national average of $1,163/month. Of the 13,428 total housing units, 74% are owner-occupied (9,426 units) and 26% are renter-occupied (3,360 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elk Grove Village shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elk Grove Village have an average one-way commute time of 26.2 minutes.
Education & Demographics
40.9% of Elk Grove Village 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 11.1% White, 0.6% Hispanic or Latino, 1.2% Black or African American, and 2.2% Asian residents, with 21.5% of the population being foreign-born.
Cost of Living in Elk Grove Village, IL
Compared to national averages, Elk Grove Village has a median household income of $95,216 (27% above the national median of $75,149). Home values average $334,400, which is 37% above the national median. Monthly rent at $1,574 is 35% above the US average of $1,163. Within Illinois, Elk Grove Village's income is 27% above the state average of $75,072, and home values are 102% above the state median of $165,779.
Why Live in Elk Grove Village, IL?
Elk Grove Village offers a strong local economy with a median household income of $95,216, well above the national average, and a well-educated community where 40.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.9%, better than the national average.
Elk Grove Village has a population of 32,132 with a median age of 43.9 years. Compare Elk Grove Village with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Elk Grove Village
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| O'Fallon | 32,139 | $102,793 | $274,100 | Compare |
| Pekin | 31,812 | $58,355 | $118,200 | Compare |
| Mundelein | 31,632 | $107,608 | $285,600 | Compare |
| St. Charles | 32,733 | $115,350 | $369,700 | Compare |
| Glendale Heights | 32,864 | $82,232 | $249,000 | Compare |
| North Chicago | 30,772 | $56,815 | $147,800 | Compare |
| Gurnee | 30,486 | $121,410 | $331,100 | Compare |
| Woodridge | 33,889 | $97,263 | $345,200 | 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 Elk Grove Village With Other Cities
Frequently Asked Questions about Elk Grove Village
What is the population of Elk Grove Village, IL?
The population of Elk Grove Village, IL is 32,132 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 Elk Grove Village?
The median household income in Elk Grove Village, IL is $95,216 per year, which is 27% above the national median of $75,149.
What is the median home value in Elk Grove Village?
The median home value in Elk Grove Village, IL is $334,400, which is 37% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elk Grove Village?
The median monthly rent in Elk Grove Village, IL is $1,574, which is 35% above the national average of $1,163/month.
What is the unemployment rate in Elk Grove Village?
The unemployment rate in Elk Grove Village, IL is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elk Grove Village, IL a good place to live?
Elk Grove Village offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 32,132 and a median age of 43.9, the city appeals to a broad range of residents.
How educated is Elk Grove Village, IL?
40.9% of residents in Elk Grove Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Elk Grove Village?
Key cost-of-living indicators for Elk Grove Village, IL: median home value is $334,400 (37% above national), median rent is $1,574/month, and median household income is $95,216. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Elk Grove Village?
The poverty rate in Elk Grove Village, IL is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elk Grove Village, IL?
Elk Grove Village's population is 11.1% White, 0.6% Hispanic or Latino, 1.2% Black or African American, 2.2% Asian, and 3.0% two or more races. 21.5% of residents are foreign-born.