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Elk Grove Village, 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
31,987
Population
$94,175
Median Income
$347,100
Home Value
44.8
Median Age

Demographics

Elk Grove Village has a population of 31,987 with a median age of 44.8. Here is the racial and ethnic breakdown of the population:

White
70.2%
Hispanic
14.9%
Asian
12.1%
Black
3.0%
Demographic Value
Total Population31,987
Median Age44.8
White70.2%
Black or African American3.0%
Asian12.1%
Hispanic or Latino14.9%
Elk Grove Village, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 70.1%Hispanic/Latino: 14.9%Asian: 12.1%Black: 3.0%31,987PopulationWhiteWhite70.1%Hispanic/LatinoHispanic/Latino14.9%AsianAsian12.1%BlackBlack3.0%

Income & Economy

The median household income in Elk Grove Village is $94,175, which is 16.8% above the national median of $80,610. The per capita income is $46,193. The poverty rate is 7.9%.

$94,175
Median Household Income
$46,193
Per Capita Income
7.9%
Poverty Rate

Employment

The unemployment rate in Elk Grove Village is 4.5%, compared to the national rate of 4.1%.

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Education

In Elk Grove Village, 92.5% of residents age 25+ have a high school diploma or higher, and 41.2% hold a bachelor's degree or higher (12.8% with a graduate or professional degree).

HS Diploma+
92.5%
Bachelor's+
41.2%
Graduate+
12.8%
Education Level % of Adults (25+)
High School Diploma or Higher92.5%
Bachelor's Degree or Higher41.2%
Graduate or Professional Degree12.8%

Housing

The median home value in Elk Grove Village is $347,100, above the national median of $303,400. The median monthly rent is $1,618. The homeownership rate is 74.7%.

$347,100
Median Home Value
$1,618/mo
Median Rent
74.7%
Homeownership Rate
Housing Metric Value
Median Home Value$347,100
Median Monthly Rent$1,618
Homeownership Rate74.7%
Vacancy Rate4.9%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Elk Grove Village, Illinois?
The population of Elk Grove Village, Illinois is 31,987 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Elk Grove Village, Illinois?
The median household income in Elk Grove Village, Illinois is $94,175. This is 16.8% above the national median of $80,610.
What is the median home value in Elk Grove Village, Illinois?
The median home value in Elk Grove Village, Illinois is $347,100. The median monthly rent is $1,618.
What percentage of people in Elk Grove Village have a college degree?
In Elk Grove Village, Illinois, 41.2% of adults age 25 and older hold a bachelor's degree or higher, and 92.5% have a high school diploma or higher.
Is Elk Grove Village, Illinois an affordable place to live?
The home price-to-income ratio in Elk Grove Village, Illinois is 3.7x (median home value $347,100 vs. median income $94,175), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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