Cost of Living in Buffalo Grove, IL
Population 42,891 · Census ACS 2020–2024 5-year estimates
The median rent in Buffalo Grove, IL is $2,037/month, 60% higher than the Illinois median and 44% higher than the U.S. median. The median home value is $412,300, 24% higher than the national median. Households earn a median of $129,395 a year, 55% higher than the state median.
Affordability
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Buffalo Grove vs. Illinois vs. U.S.
| Buffalo Grove | Illinois | U.S. | |
|---|---|---|---|
| Median rent | $2,037 | $1,274 | $1,413 |
| Median home value | $412,300 | $263,300 | $332,700 |
| Median household income | $129,395 | $83,390 | $80,734 |
| Homeownership rate | 79.8% | 67.1% | 65.2% |
| Bachelor's degree or higher | 68.6% | 37.8% | 35.7% |
| Poverty rate | 7.2% | 11.8% | 12.5% |
| Unemployment rate | 2.7% | 5.8% | 5.2% |
| Work from home | 32.1% | 15.9% | 15.1% |
| Median age | 42.0 | 39.0 | 38.9 |
FAQ
What is the average rent in Buffalo Grove, IL?
The median gross rent in Buffalo Grove, IL is $2,037 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Buffalo Grove, IL?
Using the common 30% rule, renting a median-priced home takes about $81,480 a year in gross income.
Is Buffalo Grove, IL expensive to live in?
Rent there is 44% higher than the U.S. median, and the median home costs about 3.2 times the median household income.
Other cities in Illinois
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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