Cost of Living in Schaumburg, IL
Population: 76,780 • 2026 Data
$94,690
Median Household Income
+22% vs national
$1,774
Median Monthly Rent
+32% vs national
$312,200
Median Home Value
-8% vs national
3.6%
Unemployment Rate
Housing in Schaumburg
The median home value in Schaumburg, IL is $312,200. Monthly rent for a typical unit averages $1,774, while total monthly housing costs (including utilities and insurance) average $1,680.
Rent-to-income ratio: 22.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Schaumburg, IL is $94,690. The unemployment rate stands at 3.6%, with a labor force of 41,667 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.