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Housing Affordability in Elgin, IL
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 32.0%
- Illinois 30.4%
- Renters paying 30%+
- 49.0%
- Illinois 47.9%
- Homeowners paying 30%+
- 25.6%
- Illinois 22.4%
- Owner costs with a mortgage
- $2,016/mo
- Illinois $1,987/mo
Housing costs compared with income
- Renters paying 30% or more5,16049.0%
- Homeowners paying 30% or more7,21325.6%
- Renters paying 50% or more2,63825.1%
- Median rent as a share of income: 29.5%
- Median owner costs as a share of income, with a mortgage: 22.0%
- Median owner costs without a mortgage: $862/mo
- Median home value divided by median household income: 3.0
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Elgin, IL | 32.0% | 49.0% | 25.6% | 29.5% |
| Kane County | 29.2% | 49.7% | 22.9% | 29.9% |
| Illinois | 30.4% | 47.9% | 22.4% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Elgin, IL?
- In Elgin, IL, 32.0% of households spend 30% or more of their income on housing costs.
- How does Elgin compare with Illinois?
- The households paying 30%+ for housing in Elgin is 32.0%, compared with 30.4% for Illinois as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates