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

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Elgin, Illinois

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

Elgin ( EL-jin) is a city in Cook and Kane counties in the U.S. state of Illinois. It is located 35 mi (56 km) northwest of Chicago along the Fox River. As of the 2020 census, the city had a population of 114,797, making it the sixth-most populous city in the state.

DEMOGRAPHICS

Population
112062
Unemployment
6.4%
36% NAT AVG.
Poverty
10.5%
25% NAT AVG.
Cost Of Living
103
3% NAT AVG.

ECONOMICS

Median Home Cost
$196100
15% NAT AVG.
Median Income
$72999
8% NAT AVG.
Median Rent
$1087
6% NAT AVG.
Overall Score
8

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 10
Unemployed People
1 in 16
People Earning < $10,000
1 in 24
People Earning < $50,000
33.8%
People With Any Degree
1 in 2.9

ETHNICITY

Ethnicity Elgin USA
White 40% 60.1%
African American 5.2% 12.2%
American Indian 0% 0.6%
Asian 4.6% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.4% 2.8%
Hispanic 47.1% 18.2%
Other 0.6% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Elgin USA
Less than $10,000 4.2% 5.8%
$10,000 to $14,999 3.2% 4.1%
$15,000 to $24,999 5.4% 8.5%
$25,000 to $34,999 7.4% 8.6%
$35,000 to $49,999 13.6% 12.0%
$50,000 to $74,999 17.2% 17.2%
$75,000 to $99,999 15.7% 12.8%
$100,000 to $149,999 19.9% 15.6%
$150,000 to $199,999 7.8% 7.1%

EDUCATION

Education Elgin USA
< 9th Grade 12% 5.0%
9-12th Grade 8% 7.0%
High School or GED 24% 27.0%
Other College 22% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 16% 20.0%
Master's Degree 8% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
Elgin is a city in Illinois state in USA with a population of 112062 residents.. The poverty rate of Elgin is 10.5%, which is 25% lower than national average. The typical household in Elgin earns $72999 a year, compared to the national median of $67,500. Nearly 33.8% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Elgin remained 6.4%, which is 36% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Elgin is 103, which is 3% higher than national average. In Elgin, only 26% of adults have a bachelor's degree and 30% have some college but no degree. Median home value in Elgin is $196100 , which is 15% lower than national average. While median income in Elgin remained $72999, which is 8% 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.
Elgin Scorecard

Jobs80%

Housing80%

Affordability80%

Safety80%

Amenities95%

Diversity95%

Education60%

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