Cost of Living and Housing in Buffalo Grove, Illinois

Buffalo Grove has about 42,891 residents. Median gross rent is $2,037 per month and median household income is $129,395.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $2,037/mo 23% above the dataset median

Median Home Value $412,300 10% above the dataset median

Median Household Income $129,395 54% above the dataset median

Owner-Occupied Homes 80% Share of occupied housing units

Rent-to-Income Baseline 19% Annual median rent ÷ household income

Home Value-to-Income 3.2x Median value ÷ household income

How Buffalo Grove compares

Rent is 23% above the dataset median, while household income is 54% above the dataset median. Within Illinois, Buffalo Grove ranks #118 from lowest to highest rent and #17 from highest to lowest household income among 123 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Illinois

Frequently asked questions

What is the median rent in Buffalo Grove?

Median gross rent is $2,037 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Buffalo Grove?

The median value of owner-occupied homes is $412,300 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Buffalo Grove is $129,395 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.