Algonquin is a city in Illinois state in USA with a population of 30848 residents.. The poverty rate of Algonquin is 4.2%, which is 70% lower than national average. The typical household in Algonquin earns $109819 a year, compared to the national median of $67,500. Nearly 19.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Algonquin, only 95% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Algonquin remained 5.9%, which is 26% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Algonquin, only 44% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in Algonquin is 109, which is 9% higher than national average. Median home value in Algonquin is $268100 , which is 17% higher than national average. While median income in Algonquin remained $109819, which is 63% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.