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South Elgin village, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

As of 2026, South Elgin village, Illinois has a total population of 23,984, the 96th largest city in Illinois, with a median household income of $123,744, which is 51% higher than the state average. The poverty rate is 6.4%.

Key Takeaways

South Elgin village Quick Facts

Population 23,984
Median Household Income $123,744
Median Home Value $296,100
Poverty Rate 6.4%
Unemployment Rate 2.7%
Median Age 39.2 years
Homeownership Rate 81.3%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 38.4%
High School Graduation Rate 90.7%
Diversity Index 61/100
Population 23,984 96th of 1,445
Median Income $123,744 top 10%
Poverty Rate 6.4% 49% lower national
Median Home Value $296,100 top 20%

How South Elgin village Compares

Economy & Housing

Employment

2.7% Unemployment Rate State: 5.8% | National: 5.2%
71.9% Labor Force Participation

Housing Overview

Owner 81.3%
Renter 18.7%
Affordability Index Very Affordable
2.4x home value to income ratio

People & Demographics

Diversity Index

61out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 60 | National average: 60

Education

South Elgin village Rankings in Illinois

#96 Population of 1,445
#100 Median Income of 1,445
#212 Education of 1,445
#158 Home Value of 1,445

Cities Similar to South Elgin village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Homer Glen village24,516$128,546$400,00038.5%4.4%
Lisle village23,413$106,173$407,00062.4%5.7%
Rolling Meadows city23,981$100,424$299,70040.5%6.8%
Morton Grove village24,687$106,078$377,00052.1%7.7%
Roselle village22,731$109,118$318,00041.8%3.6%

Population Overview

South Elgin village is a small city located in Illinois. The total population is 23,984. It ranks as the 96th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in South Elgin village is 39.2 years. This is about average than the state median of 38.9 years.

Economy, Income & Housing

The median household income in South Elgin village is $123,744. This is 51% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 58% higher. The poverty rate stands at 6.4%. This is 46% lower than the state poverty rate of 11.7%. The unemployment rate is 2.7%. This is 53% lower than the state rate of 5.8%. The median home value is $296,100. Housing costs are 18% higher than the state median of $250,500. With a home-value-to-income ratio of just 2.4x, South Elgin village is one of the most affordable housing markets in the area. 81.3% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in South Elgin village is White (non-Hispanic), making up 56.6% of the population. Hispanic or Latino residents account for 21.0%. The Black or African American population (5.8%) is well below the state average of 13.6%. The Asian population is significantly higher than the state average (11.7% vs 5.8%).

Education

38.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 3% higher than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.7%.

Data Sources & Methodology

All demographic data for South Elgin village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of South Elgin village, Illinois?

South Elgin village, Illinois has a population of 23,984 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in South Elgin village, IL?

The median household income in South Elgin village is $123,744, which is 58% higher the national median of $78,538.

What is the poverty rate in South Elgin village, IL?

The poverty rate in South Elgin village is 6.4%. This means approximately 1,510 residents live below the federal poverty line.

What is the racial makeup of South Elgin village, Illinois?

South Elgin village's population is 56.6% White, 5.8% Black, 21.0% Hispanic/Latino, and 11.7% Asian.

What is the median home value in South Elgin village, IL?

The median home value in South Elgin village is $296,100. The home-value-to-income ratio is 2.4x.

How educated is South Elgin village, Illinois?

38.4% of adults (25+) in South Elgin village hold a bachelor's degree or higher, and 13.5% hold a graduate or professional degree.