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EconPulse

Local economy signal dashboard

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PLACEStable

Algonquin, IL

Stable overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score62out of 100
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71
48
35
78
83

Population

30,067

Data freshness

Unknown

GDP / Output

+4.6% YoY

71

$16.0B

Output changed +4.6% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

48

4.9%

Unemployment is 4.9% for June 2026.

Vintage date unknown

State avg5.1%
U.S. avg4.2%

Population

-2.5% 5-year

35

30,067

Population moved -2.5% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

78

15.4%

Median rent consumes 15.4% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.0K per resident

83

$1.9B

$1.9B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.9B

$6.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.6B
2. Department of Veterans Affairs$135.8M
3. Department of Transportation$37.3M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$37.5M
2. REDACTED DUE TO PII$10.2M
3. PROALLIANCE CORP$9.5M

Affordable

Housing Affordability

15.4%

of median income

1BR estimate$1,413
2BR estimate$1,861
Median income$134,525
Median home value$351,000

ACS context

Quick Facts

Population

30,067

Median age

41.4

Bachelor's degree+

43.6%

Poverty rate

4.1%

Labor force participation

71.6%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.5%

GDP CAGR

+6.3%

Federal flow

5 years

Population (5 years)
202030,848
202129,869
202229,888
202329,904
202430,067
GDP (5 years)
2020$11.8B
2021$13.3B
2022$14.4B
2023$15.3B
2024$16.0B

2-year linear forecast

Predictive Outlook

Population forecast

202430,067
202529,657 *
202629,504 *

R² = 33.5% · * projected

GDP forecast

2024$16.0B
2025$17.3B *
2026$18.3B *

R² = 97.9% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$134,525/yr
Median rent$1,723/mo
Rent share of income15.4%
Est. mortgage (30yr, 6.5%)$21,298/yr
Mortgage share of income15.8%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.9%
State avg5.1%
U.S. avg4.2%
Labor force participation71.6%
Poverty rate4.1%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$351,000
Median monthly rent$1,723
Price-to-rent ratio17.0x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score56/100
Economic growth71/100
Labor market48/100
Population momentum35/100
Overall stability62/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Algonquin village, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Lake in the Hills, ILCarpentersville, ILWest Dundee, ILGilberts, ILTrout Valley, IL