What is the median household income in Elmwood Park, IL?
The median household income in Elmwood Park, IL is $91,955 (±$4,961) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,334 a month would take about $53,400 a year at the common guideline of spending no more than 30% of income on rent.
In Elmwood Park, the median household income went from $59,963 in 2015–2019 to $91,955 in 2020–2024 (+53.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $91,955 (±$4,961)
- Median renter income
- $56,998 (±$11,812)
- Income to afford median rent
- about $53,400
Income in Elmwood Park against Cook County, its state and the nation
| Elmwood Park | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $91,955 (±$4,961) | $83,498 (±$630) | $83,390 (±$362) | $80,734 |
| Median renter household income | $56,998 (±$11,812) | $55,388 (±$886) | $50,420 (±$471) | $52,966 |
| Median owner household income | $108,772 (±$11,360) | $108,804 (±$833) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,334 (±$57) | $1,435 (±$7) | $1,274 (±$5) | $1,413 |
In Elmwood Park, median household income is higher than in Cook County ($83,498).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Cook County, Elmwood Park ranks 65 of 148 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 711 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Elmwood Park
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,334 a month ($16,008 a year) needs an income of about $53,400 a year.
The median renting household in Elmwood Park earns $56,998 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $59,963 (±$5,751) | $91,955 (±$4,961) | +53.4% | Up after inflation |
| Median gross rent | $1,120 (±$82) | $1,334 (±$57) | +19.1% | No measurable change after inflation |
| Median home value | $258,000 (±$10,488) | $339,300 (±$10,215) | +31.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Elmwood Park
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Elmwood Park | — | $91,955 (±$4,961) | — |
| River Grove | 1.1 mi | $69,858 (±$11,319) | Lower |
| River Forest | 1.9 mi | $146,786 (±$32,540) | Higher |
| River Forest Township | 1.9 mi | $146,786 (±$32,540) | Higher |
| Melrose Park | 2.8 mi | $66,189 (±$4,214) | Lower |
| Oak Park | 2.8 mi | $110,820 (±$3,611) | Higher |
| Oak Park Township | 2.8 mi | $110,820 (±$3,611) | Higher |
| Norridge | 2.9 mi | $87,807 (±$7,899) | Not measurably different |
| Leyden Township | 2.9 mi | $79,935 (±$4,768) | Lower |
Nearby places with a measurably lower figure: River Grove, IL ($69,858), Melrose Park, IL ($66,189), Leyden Township, IL ($79,935).
Nearby places with a measurably higher figure: River Forest, IL ($146,786), River Forest Township, IL ($146,786), Oak Park, IL ($110,820).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Cook County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 59 | Evergreen Park | $95,719 (±$9,207) |
| 60 | Matteson | $95,457 (±$8,654) |
| 61 | Skokie | $95,337 (±$5,362) |
| 62 | Elk Grove Village | $94,175 (±$6,044) |
| 63 | Lyons Township | $92,619 (±$3,820) |
| 64 | Oak Forest | $91,990 (±$8,482) |
| 65 | Elmwood Park | $91,955 (±$4,961) |
| 66 | Norwood Park Township | $90,376 (±$10,501) |
| 67 | Forest View | $89,702 (±$31,003) |
| 68 | Elk Grove Township | $88,801 (±$3,982) |
| 69 | Norridge | $87,807 (±$7,899) |
| 70 | Palos Township | $86,101 (±$5,071) |
| 71 | Berkeley | $85,823 (±$13,510) |
Showing 13 of 148 places in Cook County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Elmwood Park
What is the median household income in Elmwood Park?
The median household income in Elmwood Park is $91,955 (±$4,961) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Elmwood Park?
About $53,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,334 a month.
Have incomes in Elmwood Park kept up with inflation?
In Elmwood Park, the median household income went from $59,963 in 2015–2019 to $91,955 in 2020–2024 (+53.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Elmwood Park?
The median renting household in Elmwood Park, IL earns $56,998 (±$11,812) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Elmwood Park village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Elmwood Park village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Elmwood Park village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Elmwood Park village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Elmwood Park village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Elmwood Park village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Elmwood Park village, Illinois (place:23724, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Fair Market Rent in Elmwood Park
- Illinois landlord and tenant rules
- Housing across Cook County
- Illinois places ranked by median household income
- Housing data for every place in Illinois