Elgin, Illinois

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2022 5-Year Estimates
114,190
Population
$85,998
Median Income
$242,500
Home Value
35.5
Median Age

Demographics

Elgin has a population of 114,190 with a median age of 35.5. Here is the racial and ethnic breakdown of the population:

White
50.6%
Hispanic
47.3%
Asian
6.2%
Black
5.4%
Demographic Value
Total Population114,190
Median Age35.5
White50.6%
Black or African American5.4%
Asian6.2%
Hispanic or Latino47.3%

Income & Economy

The median household income in Elgin is $85,998, which is 14.4% above the national median of $75,149. The per capita income is $35,037. The poverty rate is 10.0%.

$85,998
Median Household Income
$35,037
Per Capita Income
10.0%
Poverty Rate

Employment

The unemployment rate in Elgin is 6.0%, compared to the national rate of 5.4%.

Education

In Elgin, 81.1% of residents age 25+ have a high school diploma or higher, and 26.7% hold a bachelor's degree or higher (9.9% with a graduate or professional degree).

HS Diploma+
81.1%
Bachelor's+
26.7%
Graduate+
9.9%
Education Level % of Adults (25+)
High School Diploma or Higher81.1%
Bachelor's Degree or Higher26.7%
Graduate or Professional Degree9.9%

Housing

The median home value in Elgin is $242,500, below the national median of $281,900. The median monthly rent is $1,190. The homeownership rate is 71.2%.

$242,500
Median Home Value
$1,190/mo
Median Rent
71.2%
Homeownership Rate
Housing Metric Value
Median Home Value$242,500
Median Monthly Rent$1,190
Homeownership Rate71.2%
Vacancy Rate3.0%

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Frequently Asked Questions

What is the population of Elgin, Illinois?
The population of Elgin, Illinois is 114,190 according to U.S. Census Bureau ACS 2022 5-Year Estimates.
What is the median household income in Elgin, Illinois?
The median household income in Elgin, Illinois is $85,998. This is 14.4% above the national median of $75,149.
What is the median home value in Elgin, Illinois?
The median home value in Elgin, Illinois is $242,500. The median monthly rent is $1,190.
What percentage of people in Elgin have a college degree?
In Elgin, Illinois, 26.7% of adults age 25 and older hold a bachelor's degree or higher, and 81.1% have a high school diploma or higher.
Is Elgin, Illinois an affordable place to live?
The home price-to-income ratio in Elgin, Illinois is 2.8x (median home value $242,500 vs. median income $85,998), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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