Pros and Cons of Living In Algonquin, Illinois. Is Algonquin, IL a Nice Place To Live or Retire?

Algonquin, Illinois

Moving to Algonquin In Illinois ? Is Algonquin, IL a Nice Place To Live? Pros and Cons of Living in Algonquin, Illinois. Find out the best and worst about to live, raise a family or retire in Algonquin.

Algonquin is a village in McHenry and Kane counties, Illinois, in the United States. It is a suburb of Chicago, located approximately 40 miles (64 km) northwest of the Loop. As of the 2020 census, the village's population was 29,700.

The village is known as "The Gem of the Fox River Valley", referring to the location of its downtown.

DEMOGRAPHICS

Population
30848
Unemployment
5.9%
26% NAT AVG.
Poverty
4.2%
70% NAT AVG.
Cost Of Living
109
9% NAT AVG.

ECONOMICS

Median Home Cost
$268100
17% NAT AVG.
Median Income
$109819
63% NAT AVG.
Median Rent
$1659
43% NAT AVG.
Overall Score
9.5

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 24
Unemployed People
1 in 17
People Earning < $10,000
1 in 59
People Earning < $50,000
19.2%
People With Any Degree
1 in 1.9

ETHNICITY

Ethnicity Algonquin USA
White 78.3% 60.1%
African American 2.2% 12.2%
American Indian 0% 0.6%
Asian 7% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.4% 2.8%
Hispanic 9.5% 18.2%
Other 0.5% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Algonquin USA
Less than $10,000 1.7% 5.8%
$10,000 to $14,999 1.5% 4.1%
$15,000 to $24,999 4.7% 8.5%
$25,000 to $34,999 5.9% 8.6%
$35,000 to $49,999 5.4% 12.0%
$50,000 to $74,999 13.3% 17.2%
$75,000 to $99,999 11.9% 12.8%
$100,000 to $149,999 25.5% 15.6%
$150,000 to $199,999 14.8% 7.1%

EDUCATION

Education Algonquin USA
< 9th Grade 1% 5.0%
9-12th Grade 4% 7.0%
High School or GED 19% 27.0%
Other College 23% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 29% 20.0%
Master's Degree 12% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 2% 1.0%
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. 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.

Cost of living in Algonquin is 109, which is 9% higher than national average. In Algonquin, only 44% of adults have a bachelor's degree and 32% have some college but no degree. 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.
Algonquin Scorecard

Jobs80%

Housing90%

Affordability80%

Safety90%

Amenities90%

Diversity80%

Education85%

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