Last updated: 2024 BLS data · Page refreshed:
Algonquin has a population of 30,067 with a median age of 41.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 30,067 |
| Median Age | 41.4 |
| White | 76.0% |
| Black or African American | 2.8% |
| Asian | 5.3% |
| Hispanic or Latino | 15.6% |
The median household income in Algonquin is $134,525, which is 66.9% above the national median of $80,610. The per capita income is $54,037. The poverty rate is 4.1%.
The unemployment rate in Algonquin is 4.1%, compared to the national rate of 4.1%.
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In Algonquin, 95.7% of residents age 25+ have a high school diploma or higher, and 43.6% hold a bachelor's degree or higher (16.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.7% |
| Bachelor's Degree or Higher | 43.6% |
| Graduate or Professional Degree | 16.3% |
The median home value in Algonquin is $351,000, above the national median of $303,400. The median monthly rent is $1,723. The homeownership rate is 88.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $351,000 |
| Median Monthly Rent | $1,723 |
| Homeownership Rate | 88.2% |
| Vacancy Rate | 1.6% |
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