Schaumburg, IL
Population 76,780 · Illinois
About Schaumburg, IL
Schaumburg is a mid-sized city located in Illinois with a population of 76,780 residents according to the latest US Census Bureau American Community Survey data. The median household income is $94,690 per year, which is 26% above the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Schaumburg features a median home value of $312,200, which is 27% above the national median of $244,900. This positions Schaumburg in a moderately priced market relative to the rest of the country. Median monthly rent is $1,774, 53% above the national average of $1,163/month. Of the 33,632 total housing units, 62% are owner-occupied (19,782 units) and 38% are renter-occupied (12,232 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Schaumburg shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Schaumburg have an average one-way commute time of 27.9 minutes.
Education & Demographics
50.6% of Schaumburg 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 6.7% White, 1.1% Hispanic or Latino, 1.2% Black or African American, and 2.8% Asian residents, with 32.1% of the population being foreign-born.
How Schaumburg Ranks in Illinois
Cost of Living in Schaumburg, IL
Compared to national averages, Schaumburg has a median household income of $94,690 (26% above the national median of $75,149). Home values average $312,200, which is 27% above the national median. Monthly rent at $1,774 is 53% above the US average of $1,163. Within Illinois, Schaumburg's income is 26% above the state average of $75,072, and home values are 88% above the state median of $165,779.
Why Live in Schaumburg, IL?
Schaumburg offers a strong local economy with a median household income of $94,690, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 50.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.0%, better than the national average.
Schaumburg has a population of 76,780 with a median age of 39.7 years. Compare Schaumburg with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Schaumburg
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Evanston | 76,552 | $95,766 | $472,300 | Compare |
| Arlington Heights | 76,220 | $118,532 | $403,200 | Compare |
| Bloomington | 78,703 | $75,449 | $198,800 | Compare |
| Bolingbrook | 73,813 | $107,552 | $295,500 | Compare |
| Decatur | 70,368 | $50,809 | $97,300 | Compare |
| Cicero | 83,223 | $68,548 | $236,000 | Compare |
| Palatine | 66,548 | $95,950 | $347,900 | Compare |
| Skokie | 66,427 | $93,550 | $368,600 | 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.
Compare Schaumburg With Other Cities
Frequently Asked Questions about Schaumburg
What is the population of Schaumburg, IL?
The population of Schaumburg, IL is 76,780 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 Schaumburg?
The median household income in Schaumburg, IL is $94,690 per year, which is 26% above the national median of $75,149.
What is the median home value in Schaumburg?
The median home value in Schaumburg, IL is $312,200, which is 27% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Schaumburg?
The median monthly rent in Schaumburg, IL is $1,774, which is 53% above the national average of $1,163/month.
What is the unemployment rate in Schaumburg?
The unemployment rate in Schaumburg, IL is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Schaumburg, IL a good place to live?
Schaumburg offers above-average incomes, a competitive housing market, and a strong job market. With a population of 76,780 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Schaumburg, IL?
50.6% of residents in Schaumburg 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 Schaumburg?
Key cost-of-living indicators for Schaumburg, IL: median home value is $312,200 (27% above national), median rent is $1,774/month, and median household income is $94,690. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Schaumburg?
The poverty rate in Schaumburg, IL is 6.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Schaumburg, IL?
Schaumburg's population is 6.7% White, 1.1% Hispanic or Latino, 1.2% Black or African American, 2.8% Asian, and 5.4% two or more races. 32.1% of residents are foreign-born.