Riverwoods, IL
Population 3,988 · Illinois
About Riverwoods, IL
Riverwoods is a small community in Illinois with a population of 3,988 residents. The median household income is $243,036 per year, which is above the national average. The median age in Riverwoods is 50.1 years.
Housing in Riverwoods has a median home value of $796,100 and median monthly rent of $3,175. Of the 1,418 total housing units, the majority are owner-occupied, with 1,215 owner-occupied and 50 renter-occupied units.
The unemployment rate in Riverwoods is 0.9% and the poverty rate is 0.9%. 76.4% of residents hold a bachelor's degree or higher. The average commute time is 35.8 minutes.
How Riverwoods Ranks in Illinois
Cost of Living in Riverwoods, IL
Compared to national averages, Riverwoods has a median household income of $243,036 (223% above the national median of $75,149). Home values average $796,100, which is 225% above the national median. Monthly rent at $3,175 is 173% above the US average of $1,163. Within Illinois, Riverwoods's income is 224% above the state average of $75,072, and home values are 380% above the state median of $165,779.
Why Live in Riverwoods, IL?
Riverwoods offers a strong local economy with a median household income of $243,036, well above the national average, and a strong job market with an unemployment rate of just 0.9%, and a well-educated community where 76.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $796,100. However, Riverwoods’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Riverwoods has a population of 3,988 with a median age of 50.1 years. Compare Riverwoods with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Riverwoods
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marshall | 3,987 | $70,950 | $118,500 | Compare |
| Indian Head Park | 3,992 | $107,019 | $337,700 | Compare |
| Burnham | 3,978 | $55,708 | $146,400 | Compare |
| Millstadt | 4,013 | $94,536 | $205,400 | Compare |
| South Chicago Heights | 3,934 | $56,250 | $136,000 | Compare |
| Rosewood Heights | 4,047 | $80,753 | $125,900 | Compare |
| Barrington Hills | 3,923 | $186,667 | $781,600 | Compare |
| Dupo | 3,914 | $57,899 | $109,000 | 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 Riverwoods
What is the population of Riverwoods, IL?
The population of Riverwoods, IL is 3,988 according to the latest Census data.
What is the median household income in Riverwoods?
The median household income in Riverwoods, IL is $243,036 per year.
What is the median home value in Riverwoods?
The median home value in Riverwoods, IL is $796,100.
What is the average rent in Riverwoods?
The median monthly rent in Riverwoods, IL is $3,175.
What is the unemployment rate in Riverwoods?
The unemployment rate in Riverwoods, IL is 0.9%.