What is the median household income in Freeport, IL?
The median household income in Freeport, IL is $51,723 (±$3,591) a year (2020–2024 American Community Survey).
Paying the median gross rent of $793 a month would take about $31,700 a year at the common guideline of spending no more than 30% of income on rent.
In Freeport, the median household income went from $39,975 in 2015–2019 to $51,723 in 2020–2024 (+29.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $51,723 (±$3,591)
- Median renter income
- $36,250 (±$6,820)
- Income to afford median rent
- about $31,700
Income in Freeport against Stephenson County, its state and the nation
| Freeport | Stephenson County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $51,723 (±$3,591) | $64,043 (±$3,674) | $83,390 (±$362) | $80,734 |
| Median renter household income | $36,250 (±$6,820) | $38,469 (±$3,968) | $50,420 (±$471) | $52,966 |
| Median owner household income | $65,842 (±$6,864) | $77,511 (±$3,568) | $103,505 (±$377) | $100,009 |
| Median gross rent | $793 (±$39) | $798 (±$33) | $1,274 (±$5) | $1,413 |
In Freeport, median household income is lower than in Stephenson County ($64,043).
It is also lower than in Illinois ($83,390).
It is lower than the national figure ($80,734).
In Stephenson County, Freeport ranks 29 of 30 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2325 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 Freeport
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 $793 a month ($9,516 a year) needs an income of about $31,700 a year.
The median renting household in Freeport earns $36,250 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 | $39,975 (±$2,525) | $51,723 (±$3,591) | +29.4% | No measurable change after inflation |
| Median gross rent | $653 (±$25) | $793 (±$39) | +21.4% | No measurable change after inflation |
| Median home value | $72,100 (±$3,800) | $92,100 (±$7,437) | +27.7% | No measurable change 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 Freeport
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Freeport | — | $51,723 (±$3,591) | — |
| Freeport Township | 0.0 mi | $51,723 (±$3,591) | Not measurably different |
| Florence Township (Stephenson County) | 4.4 mi | $90,698 (±$13,084) | Higher |
| Harlem Township (Stephenson County) | 4.6 mi | $95,000 (±$17,112) | Higher |
| Silver Creek Township | 4.6 mi | $57,000 (±$34,859) | Not measurably different |
| Lancaster Township | 4.7 mi | $91,250 (±$13,881) | Higher |
| Cedarville | 6.0 mi | $67,569 (±$8,383) | Higher |
| Erin Township | 7.9 mi | $84,688 (±$19,441) | Higher |
| Ridott | 8.0 mi | $71,875 (±$48,408) | Not measurably different |
Nearby places with a measurably higher figure: Florence Township (Stephenson County), IL ($90,698), Harlem Township (Stephenson County), IL ($95,000), Lancaster Township, IL ($91,250).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Stephenson County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 23 | Davis | $62,050 (±$10,604) |
| 24 | Kent Township | $57,228 (±$36,027) |
| 25 | Silver Creek Township | $57,000 (±$34,859) |
| 26 | Winslow Township | $56,563 (±$27,095) |
| 27 | Dakota | $55,815 (±$10,690) |
| 28 | Winslow | $55,156 (±$11,309) |
| 29 (tie) | Freeport | $51,723 (±$3,591) |
| 29 (tie) | Freeport Township | $51,723 (±$3,591) |
Showing 8 of 30 places in Stephenson 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.
What you can do on Seayora in Freeport
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Freeport beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Freeport, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Freeport, and send estimates and invoices from your phone.
Questions about Freeport
What is the median household income in Freeport?
The median household income in Freeport is $51,723 (±$3,591) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Freeport?
About $31,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $793 a month.
Have incomes in Freeport kept up with inflation?
In Freeport, the median household income went from $39,975 in 2015–2019 to $51,723 in 2020–2024 (+29.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Freeport?
The median renting household in Freeport, IL earns $36,250 (±$6,820) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Freeport city, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Freeport city, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Freeport city, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Freeport city, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Freeport city, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Freeport city, 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 Freeport city, Illinois (place:27884, 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
- Housing in Freeport at a glance
- Median rent in Freeport
- Rent by bedrooms in Freeport
- Rent burden in Freeport
- Renters and owners in Freeport
- Home values in Freeport
- Homeowner costs in Freeport
- Property taxes in Freeport
- Types of homes in Freeport
- Bedrooms in Freeport
- Age of homes in Freeport
- Vacancy rate in Freeport
- Heating fuel in Freeport
- Commute and cars in Freeport
- Crime reported to police in Freeport
- Population growth in Freeport
- How long people stay in Freeport
- Crowding and facilities in Freeport
- Illinois landlord and tenant rules
- Housing across Stephenson County
- Illinois places ranked by median household income
- Housing data for every place in Illinois