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Chicago, 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
2,711,226
Population
$77,902
Median Income
$334,100
Home Value
35.8
Median Age

Demographics

Chicago has a population of 2,711,226 with a median age of 35.8. Here is the racial and ethnic breakdown of the population:

White
36.0%
Hispanic
29.7%
Black
27.9%
Asian
7.3%
Demographic Value
Total Population2,711,226
Median Age35.8
White36.0%
Black or African American27.9%
Asian7.3%
Hispanic or Latino29.7%
Chicago, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 101.White: 35.7%Hispanic/Latino: 29.4%Black: 27.7%Asian: 7.2%2,711,226PopulationWhiteWhite35.7%Hispanic/LatinoHispanic/Latino29.4%BlackBlack27.7%AsianAsian7.2%

Income & Economy

The median household income in Chicago is $77,902, which is 3.4% below the national median of $80,610. The per capita income is $50,086. The poverty rate is 16.8%.

$77,902
Median Household Income
$50,086
Per Capita Income
16.8%
Poverty Rate

Employment

The unemployment rate in Chicago is 5.5%, compared to the national rate of 4.1%.

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Education

In Chicago, 87.2% of residents age 25+ have a high school diploma or higher, and 44.3% hold a bachelor's degree or higher (19.0% with a graduate or professional degree).

HS Diploma+
87.2%
Bachelor's+
44.3%
Graduate+
19.0%
Education Level % of Adults (25+)
High School Diploma or Higher87.2%
Bachelor's Degree or Higher44.3%
Graduate or Professional Degree19.0%

Housing

The median home value in Chicago is $334,100, above the national median of $303,400. The median monthly rent is $1,440. The homeownership rate is 46.0%.

$334,100
Median Home Value
$1,440/mo
Median Rent
46.0%
Homeownership Rate
Housing Metric Value
Median Home Value$334,100
Median Monthly Rent$1,440
Homeownership Rate46.0%
Vacancy Rate9.1%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Chicago, Illinois?
The population of Chicago, Illinois is 2,711,226 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Chicago, Illinois?
The median household income in Chicago, Illinois is $77,902. This is 3.4% below the national median of $80,610.
What is the median home value in Chicago, Illinois?
The median home value in Chicago, Illinois is $334,100. The median monthly rent is $1,440.
What percentage of people in Chicago have a college degree?
In Chicago, Illinois, 44.3% of adults age 25 and older hold a bachelor's degree or higher, and 87.2% have a high school diploma or higher.
Is Chicago, Illinois an affordable place to live?
The home price-to-income ratio in Chicago, Illinois is 4.3x (median home value $334,100 vs. median income $77,902), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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