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Cook County, IL

Chicago

RANK #197 / 996 NAT  ·  #18 / 28 IL  ·  POP 5,225,367

1YR FORECAST: +2.5%

5YR OUTLOOK: +32%

Our model projects Cook County's housing market to grow +2.5% over the next year, significantly outpacing the national average.

[01] Why Cook County?

Cook County, Illinois, is defined by its vast Forest Preserve District, encompassing nearly 70,000 acres of natural areas for hiking, biking, fishing, and nature watching. This extensive green space offers a contrast to the urban core of Chicago, which serves as the county seat and is situated within Cook County. The county, established in 1831, is located in northeastern Illinois and is a central part of the Chicago metropolitan area. Commute options are varied, with public transportation like Metra trains, CTA buses and trains, and Pace suburban buses connecting residents throughout the six-county region.

Life in Cook County offers a diverse experience, from urban living to suburban communities like Evanston and Oak Park, known for their public schools. The economy is diverse, with ongoing investments in infrastructure and community development. The county government focuses on supporting small businesses and fostering economic growth, including initiatives for workforce training. Residents benefit from various programs aimed at economic security and quality of life.

[02] Market Snapshot

Housing Ratio
3.5x

Undervalued relative to economy

GDP Growth
+1.3%

Well below national median

Home Prices
+3.6%

Outpacing national median

Climate & Terrain
-1.0

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Chicago Public Schools Education
    25,000+
  2. 2
    Cook County, Illinois Government
    10,000+
  3. 3
    City of Chicago Government
  4. 4
    Advocate Health Care Healthcare
  5. 5
    JPMorgan Chase Finance
  6. 6
    University of Chicago Education
  7. 7
    U.S. Government Government
  8. 8
    United Airlines Holdings Logistics
  9. 9
    Northwestern University Education
  10. 10
    Walgreens Boots Alliance Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Cook County U.S. National

The Numbers

DEMOGRAPHICS
Population
5,225,367
-0.76% YoY
Median Household Income
$78,304
Median Home Value
$293,700
+3.61% 12mo
Median Rent
$1,318
Average Annual Pay
$86,931
+3.6% YoY
Employment
2,565,567
+0.2% YoY
Income-to-Home-Value
0.2666
More affordable than average
Migration Inflow
0.88%
of pop. from another state
Bachelor's Degree+
41.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$352,750
Days on Market
69
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
99.0%
Near asking price
Sold Above List
33.4%
Listings w/ Price Drops
13.8%
Building Permits (2024)
6,507
Single-Family Permits
1,142

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
16.4
per 100K · nat avg 6.3
Firearm Fatalities
18.2
per 100K · nat avg 14.8
Injury Deaths
83.1
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C
AIR QUALITY
GRADE
Median AQI (3yr)
56.7
Moderate
Good Air Days
28%
308 of 1,095 days
Unhealthy+ Days (3yr)
63
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
59
2022
54
2023
57
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,340M
TOTAL
PROJECT AMOUNT STATUS
Three Rivers Energy Center (Natural Gas Plant, Grundy County serving Chicago area)
Competitive Power Ventures
$1,300M Operating
Stream Data Centers - Chicago III Campus
Stream Data Centers
$500M Under Construction
Clinton and Dresden Nuclear Plant Upgrades & Relicensing (Illinois)
Constellation
$370M Operating
Double Black Diamond Solar Farm (Cook County portion)
Swift Current Energy (with Constellation and Cook County as customers)
$120M Operating
Cook County Highway Construction Program (2025)
Cook County Department of Transportation and Highways (DoTH)
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.3% 21 percentile
Population Growth -0.8% 6 percentile
Income Growth +8.6% 52 percentile
Vacancy Rate 1.5% 23 percentile
Home Price Change +3.6% 78 percentile
Rent Growth +5.8% 86 percentile
Price/Rent 11x 78 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Cook County, IL a good place to move to?

Cook County ranks #197 out of 996 U.S. counties on the Boom Town Index with a score of 80/100, placing it in the top tier nationally. Median household income is $78,304 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Cook County affordable?

Housing in Cook County is roughly in line with national affordability norms. The median home costs $293,700 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,318/month. Not a bargain, but not a stretch for most local earners either.

Is Cook County growing or shrinking?

Cook County is losing population (-0.8% YoY) while the job market is essentially flat (+0.2% employment change). Home values are +3.6% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are many people relocating to Cook County?

Not particularly — 0.88% of Cook County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Other IL Counties

Whiteside County, IL 80 Williamson County, IL 81 Champaign County, IL 81 McHenry County, IL 79 Kane County, IL 78 Sangamon County, IL 86