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Cook County, IL

RANK #241 / 996  ·  POP 5,225,367  ·  IL

PROJECTED GROWTH: +1.8%

Cook County combines solid growth with real affordability — a rare combination.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Cook County has a Boom Town Index score of 76/100, ranking #241 among 996 U.S. counties. With job growth at +0.2% and a median household income of $78,304, it's an above-average county on economic indicators.

Is Cook County affordable?

The median home value in Cook County is $293,700 with median rent at $1,318/month. The income-to-home-value ratio is 0.2666, which is more affordable than the national average.

Is Cook County growing or shrinking?

Population growth: -0.8% year-over-year. Job growth: +0.2%. Home values changed +3.6% in the past 12 months.

[08] Similar Metros

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