Highwood, IL
Population 5,243 · Illinois
About Highwood, IL
Highwood is a small community in Illinois with a population of 5,243 residents. The median household income is $101,862 per year, which is above the national average. The median age in Highwood is 35.9 years.
Housing in Highwood has a median home value of $454,500 and median monthly rent of $1,800. Of the 1,969 total housing units, renting is more common than owning, with 949 owner-occupied and 988 renter-occupied units.
The unemployment rate in Highwood is 6.0% and the poverty rate is 15.8%. 38.1% of residents hold a bachelor's degree or higher. The average commute time is 31.1 minutes.
Cost of Living in Highwood, IL
Compared to national averages, Highwood has a median household income of $101,862 (36% above the national median of $75,149). Home values average $454,500, which is 86% above the national median. Monthly rent at $1,800 is 55% above the US average of $1,163. Within Illinois, Highwood's income is 36% above the state average of $75,072, and home values are 174% above the state median of $165,779.
Why Live in Highwood, IL?
Highwood offers a strong local economy with a median household income of $101,862, well above the national average, and a well-educated community where 38.1% of residents hold a bachelor’s degree or higher.
Potential considerations include a competitive housing market where the typical home costs $454,500. However, Highwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Highwood has a population of 5,243 with a median age of 35.9 years. Compare Highwood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Highwood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Berkeley | 5,222 | $83,224 | $222,400 | Compare |
| Pana | 5,277 | $45,083 | $82,000 | Compare |
| Colona | 5,189 | $76,558 | $152,100 | Compare |
| Grandwood Park | 5,311 | $124,847 | $313,000 | Compare |
| Posen | 5,331 | $71,994 | $172,800 | Compare |
| Coal City | 5,145 | $73,030 | $211,600 | Compare |
| Monee | 5,104 | $89,571 | $226,400 | Compare |
| Eureka | 5,095 | $55,172 | $154,600 | 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 Highwood
What is the population of Highwood, IL?
The population of Highwood, IL is 5,243 according to the latest Census data.
What is the median household income in Highwood?
The median household income in Highwood, IL is $101,862 per year.
What is the median home value in Highwood?
The median home value in Highwood, IL is $454,500.
What is the average rent in Highwood?
The median monthly rent in Highwood, IL is $1,800.
What is the unemployment rate in Highwood?
The unemployment rate in Highwood, IL is 6.0%.