Cost of Living in Algonquin, IL
Population: 29,904 • 2026 Data
$131,753
Median Household Income
+70% vs national
$1,800
Median Monthly Rent
+34% vs national
$324,000
Median Home Value
-4% vs national
4.3%
Unemployment Rate
Housing in Algonquin
The median home value in Algonquin, IL is $324,000. Monthly rent for a typical unit averages $1,800, while total monthly housing costs (including utilities and insurance) average $1,919.
Rent-to-income ratio: 16.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Algonquin, IL is $131,753. The unemployment rate stands at 4.3%, with a labor force of 18,038 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.