Buffalo Grove, Illinois Housing

Buffalo Grove, Illinois has a population of 41,200, with a median household income of $118,500.

Current housing data for Buffalo Grove.

$385,000

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Population

41,200

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Median Income

$118,500

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Unemployment

2.80%

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Housing Price

$385,000

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Crime Rate

10.20

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Internet Speed

1000.00 Mbps

Buffalo Grove is a smaller urban community located in Illinois. The city has a population that is above the average city population in Illinois, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Buffalo Grove, located in Illinois, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Buffalo Grove has a population of 41,200, which is higher than the state average. This indicates a relatively larger urban presence within Illinois.

Income and Economy

The median household income in Buffalo Grove is $118,500, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Buffalo Grove average around $385,000, which is relatively high compared to other cities in Illinois.

Employment and Safety

The unemployment rate in Buffalo Grove is 2.80%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Buffalo Grove are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Illinois, Buffalo Grove shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Illinois, Buffalo Grove contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Buffalo Grove

What is the population of Buffalo Grove?

The population of Buffalo Grove is approximately 41,200.

Is Buffalo Grove a good place to live?

Buffalo Grove offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Buffalo Grove?

The median household income in Buffalo Grove is around $118,500.

How expensive is housing in Buffalo Grove?

The average housing price in Buffalo Grove is approximately $385,000.