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Buffalo Grove, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
42,891
Population
$129,395
Median Income
$412,300
Home Value
42.0
Median Age

Demographics

Buffalo Grove has a population of 42,891 with a median age of 42.0. Here is the racial and ethnic breakdown of the population:

White
59.2%
Asian
29.8%
Hispanic
5.8%
Black
3.4%
Other
1.8%
Demographic Value
Total Population42,891
Median Age42.0
White59.2%
Black or African American3.4%
Asian29.8%
Hispanic or Latino5.8%
Other / Two or More Races1.8%
Buffalo Grove, Illinois — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 59.2%Asian: 29.8%Hispanic/Latino: 5.8%Black: 3.4%Other: 1.8%42,891PopulationWhiteWhite59.2%AsianAsian29.8%Hispanic/LatinoHispanic/Latino5.8%BlackBlack3.4%OtherOther1.8%

Income & Economy

The median household income in Buffalo Grove is $129,395, which is 60.5% above the national median of $80,610. The per capita income is $62,568. The poverty rate is 7.2%.

$129,395
Median Household Income
$62,568
Per Capita Income
7.2%
Poverty Rate

Employment

The unemployment rate in Buffalo Grove is 4.2%, compared to the national rate of 4.1%.

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Education

In Buffalo Grove, 96.8% of residents age 25+ have a high school diploma or higher, and 68.6% hold a bachelor's degree or higher (31.1% with a graduate or professional degree).

HS Diploma+
96.8%
Bachelor's+
68.6%
Graduate+
31.1%
Education Level % of Adults (25+)
High School Diploma or Higher96.8%
Bachelor's Degree or Higher68.6%
Graduate or Professional Degree31.1%

Housing

The median home value in Buffalo Grove is $412,300, above the national median of $303,400. The median monthly rent is $2,037. The homeownership rate is 79.8%.

$412,300
Median Home Value
$2,037/mo
Median Rent
79.8%
Homeownership Rate
Housing Metric Value
Median Home Value$412,300
Median Monthly Rent$2,037
Homeownership Rate79.8%
Vacancy Rate2.3%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Buffalo Grove, Illinois?
The population of Buffalo Grove, Illinois is 42,891 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Buffalo Grove, Illinois?
The median household income in Buffalo Grove, Illinois is $129,395. This is 60.5% above the national median of $80,610.
What is the median home value in Buffalo Grove, Illinois?
The median home value in Buffalo Grove, Illinois is $412,300. The median monthly rent is $2,037.
What percentage of people in Buffalo Grove have a college degree?
In Buffalo Grove, Illinois, 68.6% of adults age 25 and older hold a bachelor's degree or higher, and 96.8% have a high school diploma or higher.
Is Buffalo Grove, Illinois an affordable place to live?
The home price-to-income ratio in Buffalo Grove, Illinois is 3.2x (median home value $412,300 vs. median income $129,395), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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