Lincolnwood, IL
Population 13,179 · Illinois
About Lincolnwood, IL
Lincolnwood is a mid-sized city located in Illinois with a population of 13,179 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,950 per year, which is 44% 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 Lincolnwood features a median home value of $475,400, which is 94% above the national median of $244,900. This places Lincolnwood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 4,987 total housing units, 84% are owner-occupied (3,878 units) and 16% are renter-occupied (715 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lincolnwood shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lincolnwood have an average one-way commute time of 26.5 minutes.
Education & Demographics
56.8% of Lincolnwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.7% White, 0.5% Hispanic or Latino, 0.4% Black or African American, and 2.8% Asian residents, with 34.7% of the population being foreign-born.
Cost of Living in Lincolnwood, IL
Compared to national averages, Lincolnwood has a median household income of $107,950 (44% above the national median of $75,149). Home values average $475,400, which is 94% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Illinois, Lincolnwood's income is 44% above the state average of $75,072, and home values are 187% above the state median of $165,779.
Why Live in Lincolnwood, IL?
Lincolnwood offers a strong local economy with a median household income of $107,950, well above the national average, and a well-educated community where 56.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $475,400. However, Lincolnwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lincolnwood has a population of 13,179 with a median age of 43.9 years. Compare Lincolnwood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lincolnwood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| La Grange Park | 13,227 | $119,115 | $427,800 | Compare |
| Western Springs | 13,353 | $218,839 | $691,300 | Compare |
| Lincoln | 13,406 | $54,390 | $111,600 | Compare |
| Canton | 13,408 | $54,881 | $106,900 | Compare |
| Hazel Crest | 13,493 | $62,773 | $181,400 | Compare |
| Glen Carbon | 13,521 | $92,434 | $278,200 | Compare |
| Minooka | 12,632 | $122,163 | $288,600 | Compare |
| Richton Park | 12,576 | $71,724 | $200,400 | 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 Lincolnwood With Other Cities
Frequently Asked Questions about Lincolnwood
What is the population of Lincolnwood, IL?
The population of Lincolnwood, IL is 13,179 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 Lincolnwood?
The median household income in Lincolnwood, IL is $107,950 per year, which is 44% above the national median of $75,149.
What is the median home value in Lincolnwood?
The median home value in Lincolnwood, IL is $475,400, which is 94% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lincolnwood?
The median monthly rent in Lincolnwood, IL is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Lincolnwood?
The unemployment rate in Lincolnwood, IL is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lincolnwood, IL a good place to live?
Lincolnwood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 13,179 and a median age of 43.9, the city appeals to a broad range of residents.
How educated is Lincolnwood, IL?
56.8% of residents in Lincolnwood 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 Lincolnwood?
Key cost-of-living indicators for Lincolnwood, IL: median home value is $475,400 (94% above national), median rent is $3,501/month, and median household income is $107,950. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Lincolnwood?
The poverty rate in Lincolnwood, IL is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lincolnwood, IL?
Lincolnwood's population is 3.7% White, 0.5% Hispanic or Latino, 0.4% Black or African American, 2.8% Asian, and 2.9% two or more races. 34.7% of residents are foreign-born.