Elmwood Park, IL
Population 23,982 · Illinois
About Elmwood Park, IL
Elmwood Park is a mid-sized city located in Illinois with a population of 23,982 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,121 per year, which is 12% above the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Elmwood Park features a median home value of $325,000, which is 33% above the national median of $244,900. This positions Elmwood Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,295, 11% above the national average of $1,163/month. Of the 9,741 total housing units, 62% are owner-occupied (5,673 units) and 38% are renter-occupied (3,421 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Elmwood Park shows an unemployment rate of 6.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elmwood Park have an average one-way commute time of 33.2 minutes.
Education & Demographics
29.5% of Elmwood Park 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 20.0% White, 2.2% Hispanic or Latino, 11.6% Black or African American, and 5.8% Asian residents, with 24.8% of the population being foreign-born.
Cost of Living in Elmwood Park, IL
Compared to national averages, Elmwood Park has a median household income of $84,121 (12% above the national median of $75,149). Home values average $325,000, which is 33% above the national median. Monthly rent at $1,295 is 11% above the US average of $1,163. Within Illinois, Elmwood Park's income is 12% above the state average of $75,072, and home values are 96% above the state median of $165,779.
Why Live in Elmwood Park, IL?
Elmwood Park offers a strong local economy with a median household income of $84,121, well above the national average, and a low poverty rate of 6.7%, better than the national average.
Elmwood Park has a population of 23,982 with a median age of 40.3 years. Compare Elmwood Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Elmwood Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rolling Meadows | 23,981 | $100,424 | $299,700 | Compare |
| South Elgin | 23,984 | $123,744 | $296,100 | Compare |
| Collinsville | 24,126 | $65,170 | $157,700 | Compare |
| Westmont | 24,201 | $83,622 | $369,100 | Compare |
| Freeport | 23,636 | $48,181 | $86,100 | Compare |
| Kankakee | 24,384 | $45,119 | $105,500 | Compare |
| Zion | 24,466 | $62,574 | $179,100 | Compare |
| Belvidere | 24,510 | $62,462 | $153,100 | 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 Elmwood Park With Other Cities
Frequently Asked Questions about Elmwood Park
What is the population of Elmwood Park, IL?
The population of Elmwood Park, IL is 23,982 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 Elmwood Park?
The median household income in Elmwood Park, IL is $84,121 per year, which is 12% above the national median of $75,149.
What is the median home value in Elmwood Park?
The median home value in Elmwood Park, IL is $325,000, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elmwood Park?
The median monthly rent in Elmwood Park, IL is $1,295, which is 11% above the national average of $1,163/month.
What is the unemployment rate in Elmwood Park?
The unemployment rate in Elmwood Park, IL is 6.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elmwood Park, IL a good place to live?
Elmwood Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 23,982 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Elmwood Park, IL?
29.5% of residents in Elmwood Park 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 Elmwood Park?
Key cost-of-living indicators for Elmwood Park, IL: median home value is $325,000 (33% above national), median rent is $1,295/month, and median household income is $84,121. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Elmwood Park?
The poverty rate in Elmwood Park, IL is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elmwood Park, IL?
Elmwood Park's population is 20.0% White, 2.2% Hispanic or Latino, 11.6% Black or African American, 5.8% Asian, and 1.6% two or more races. 24.8% of residents are foreign-born.