Libertyville, IL
Population 20,493 · Illinois
About Libertyville, IL
Libertyville is a mid-sized city in Illinois with a population of 20,493 residents. The median household income is $162,270 per year, which is above the national average. The median age in Libertyville is 41.9 years.
Housing in Libertyville has a median home value of $499,300 and median monthly rent of $1,537. Of the 7,774 total housing units, the majority are owner-occupied, with 6,061 owner-occupied and 1,512 renter-occupied units.
The unemployment rate in Libertyville is 2.9% and the poverty rate is 3.6%. 71.5% of residents hold a bachelor's degree or higher. The average commute time is 26 minutes.
How Libertyville Ranks in Illinois
Cost of Living in Libertyville, IL
Compared to national averages, Libertyville has a median household income of $162,270 (116% above the national median of $75,149). Home values average $499,300, which is 104% above the national median. Monthly rent at $1,537 is 32% above the US average of $1,163. Within Illinois, Libertyville's income is 116% above the state average of $75,072, and home values are 201% above the state median of $165,779.
Why Live in Libertyville, IL?
Libertyville offers a strong local economy with a median household income of $162,270, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 71.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $499,300. However, Libertyville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Libertyville has a population of 20,493 with a median age of 41.9 years. Compare Libertyville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Libertyville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Frankfort | 20,417 | $153,714 | $461,600 | Compare |
| Grayslake | 20,707 | $113,697 | $293,900 | Compare |
| East Moline | 20,837 | $63,328 | $135,300 | Compare |
| Park Forest | 20,898 | $62,305 | $106,200 | Compare |
| Dolton | 20,979 | $58,706 | $140,500 | Compare |
| South Holland | 21,016 | $87,378 | $201,200 | Compare |
| Mokena | 19,906 | $129,017 | $377,100 | Compare |
| Harvey | 19,831 | $41,091 | $86,100 | 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.
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Frequently Asked Questions about Libertyville
What is the population of Libertyville, IL?
The population of Libertyville, IL is 20,493 according to the latest Census data.
What is the median household income in Libertyville?
The median household income in Libertyville, IL is $162,270 per year.
What is the median home value in Libertyville?
The median home value in Libertyville, IL is $499,300.
What is the average rent in Libertyville?
The median monthly rent in Libertyville, IL is $1,537.
What is the unemployment rate in Libertyville?
The unemployment rate in Libertyville, IL is 2.9%.