This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Algonquin page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 29,904, so Algonquin should be compared with similar-size places before using broader Illinois averages. Median household income is $131,753, so the best affordability read for Algonquin is income versus housing, taxes, utilities, and insurance together.
Median home value is $324,000, so ownership costs in Algonquin should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $1,800/mo, so renters can compare Algonquin against ownership costs and nearby rental markets.
Housing and Income Context
For Algonquin, household income runs high enough that housing choice can dominate affordability. Home values sit in a moderate range where taxes and utilities still change the monthly math.
Use the home value, rent, and income fields together before deciding whether Algonquin looks more favorable for renting, buying, or comparing with Carpentersville, IL.
Utility Cost Context
The residential electricity benchmark is $0.189/kWh, so Algonquin households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Algonquin is a Illinois state-level EIA benchmark, so it should not be read as a local provider tariff.
For Algonquin, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $7,916, so Algonquin buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Algonquin address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Algonquin depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Algonquin, especially when comparing with Carpentersville, IL.
Population and Demographics
Median age is 41.3, so Algonquin may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 43.6%, so Algonquin education context can be useful when reading labor-market and school sections.
Unemployment is 5.1%, so Algonquin wage and job-market context should be compared with commute options and regional employment centers.
