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EconPulse

Local economy signal dashboard

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PLACEThriving

Knollwood, IL

Thriving overall. Jobs is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score87out of 100
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65
100
100
80
94

Population

1,864

Data freshness

Unknown

GDP / Output

+3.7% YoY

65

$82.9B

Output changed +3.7% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

100

0.0%

Unemployment is 0.0% for Latest available.

Vintage date unknown

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

Population

+10.7% 5-year

100

1,864

Population moved +10.7% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

80

14.4%

Median rent consumes 14.4% 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

$7.4K per resident

94

$5.3B

$5.3B 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

$5.3B

$7.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$3.2B
2. Department of Defense$807.4M
3. Department of Veterans Affairs$499.0M

Top recipients

Dollars
1. CARDINAL HEALTH 200, LLC$472.6M
2. W.W. GRAINGER, INC.$357.3M
3. GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC.$134.7M

Affordable

Housing Affordability

14.4%

of median income

1BR estimate$1,360
2BR estimate$1,792
Median income$138,618
Median home value$393,000

ACS context

Quick Facts

Population

1,864

Median age

36.4

Bachelor's degree+

43.2%

Poverty rate

7.8%

Labor force participation

48.2%

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

Latest available

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

+2.1%

GDP CAGR

+5.0%

Federal flow

5 years

Population (5 years)
20201,684
20211,719
20221,763
20231,907
20241,864
GDP (5 years)
2020$65.0B
2021$71.5B
2022$76.1B
2023$79.9B
2024$82.9B

2-year linear forecast

Predictive Outlook

Population forecast

20241,864
20251,952 *
20262,007 *

R² = 83.1% · * projected

GDP forecast

2024$82.9B
2025$88.3B *
2026$92.7B *

R² = 97.8% · * 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$138,618/yr
Median rent$1,659/mo
Rent share of income14.4%
Est. mortgage (30yr, 6.5%)$23,847/yr
Mortgage share of income17.2%

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

employment snapshot

Job Market

Unemployment rate0.0%
State avg5.1%
U.S. avg5.2%
Labor force participation48.2%
Poverty rate7.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$393,000
Median monthly rent$1,659
Price-to-rent ratio19.7x

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

composite score

Investment Climate

Investment climateStrong
Composite score86/100
Economic growth65/100
Labor market100/100
Population momentum100/100
Overall stability87/100

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

Location Context

Knollwood CDP, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Lake Bluff, ILGreen Oaks, ILNorth Chicago, ILMettawa, ILLake Forest, IL