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The total population of Algonquin is estimated to be 29,888 with 15,027 males (50.28%) and 14,861 females (49.72%). There are 166 less females than males in Algonquin.
The median household income in Algonquin was $124,679 in 2021, which marked an an increase of 239(0.19%) from $124,440 in 2020. This income is 167.12% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Algonquin sees its highest median household income among householders in the age group of 45 to 64 years old, at $159,577. Overall, the median household income for the village of Algonquin stands at $124,679.
In Algonquin, the median income for all workers aged 15 years and older, regardless of work hours, was $70,573 for males and $37,608 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $93,487 for males and $68,247 for females.
In Algonquin, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $169,246, while American Indian and Alaska Native households represent the opposite end with the lowest median household income of $71,340.
In 2022, the population of Algonquin was 29,951, a 0.08% decrease year-by-year from 2021. Previously, in 2021, Algonquin's population was 29,974, an increase of 1.00% compared to a population of 29,677 in 2020.
The median age in Algonquin, IL is 42.0, as per 2021 ACS 5-Year Estimates. Of the total population, 17.00% were under the age of 15, 20.02% aged 15 to 29, 49.92% aged 30 to 64, 10.88% aged 65 to 84, and 2.17% were 85 years of age and older.
Racial distribution of Algonquin population: 83.69% are White, 2.64% are Black or African American, 0.34% are American Indian and Alaska Native, 6.79% are Asian, 2.45% are some other race and 4.08% are multiracial.