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Page3of3Elgin, IL 60120 has a population of approximately 51,244 and experiences a population change rate of 5.48%. The population density is 3,081.1 / sq mi .
The median household income for Elgin, IL 60120 is $74,287, with 15,953 households and an average household size of 3.18.
The median value of a home in Elgin, IL 60120 is $226,200 with an appreciation rate of 12.60%. 62.22% of housing in the state is owned while 32.80% is rented.
The cost of living in Elgin, IL 60120 is 97.4 %.
The unemployment rate in Elgin, IL 60120 is 4.70%, and recent job growth is at -0.63%. Future job growth is projected at 33.89%.
The sales tax rate in Elgin, IL 60120 is 10.50%, while the income tax rate is 4.95% .
School expenditures in Elgin, IL 60120 are $17,588, and the school ratio is 14.4:1.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 13.1 degrees. The average rainfall is approximately 37.6 inches per year, with 32.6 inches of snow per year.
