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All about

Algonquin, IL

Algonquin, a small city in Illinois, has a population of slightly less than 31,000. With an average age of just under 38, the city's population skews younger than most cities in Illinois. Renters tend to be in the minority in the city, and 88% of residents own their homes. Relatively high rent costs may play a role, as the average rent of $1,476/month is substantially higher than the state average of $1,052.

With an average commute time of about 39 minutes, longer than most cities in Illinois, Algonquin residents find that getting to work takes some patience. Driving a car or truck is the typical mode of getting to work, chosen by 47% of commuters, while public transportation isn't used much. Few residents commute to work on foot.

Many Algonquin residents work in one of four industries: manufacturing, retail, healthcare, and scientific. Combined, these industries account for 28% of the workforce in the city. Meanwhile, in terms of job function, many of the city's workers are in management, which ranks as the top career path in the city. With an average annual income of just over $108,000, Algonquin workers earn around $31,000 more than the average Illinois resident. The city's average income also compares favorably to the national average ($73,345). Algonquin has a relatively high concentration of residents over the age of 25 who have advanced degrees compared to the national average (7%), as 8% possess a Master's degree or a Doctorate. In addition, 19% possess a Bachelor's degree, which also outpaces the national average.

Average Rent in Algonquin

Studio1 Bed2 Bed3 Bed
Jan 20$1,660$2,242
Dec 191,6602,180
Nov 191,6602,320
Oct 191,6252,000
Sep 191,6252,000
Aug 191,6252,000
Jul 191,6252,000
Jun 191,6252,000
May 191,5852,000
Apr 191,5851,955
Mar 191,5251,955
Feb 191,5852,030
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Frequently Asked Questions About Algonquin

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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