Is Riverwoods, IL a Good Place to Live?
Riverwoods is a small town of 4,007 in Illinois, with a median household income of $233,036 and a 1.2% unemployment rate. Its cost of living index is 103 (US average = 100), which is 3% above the national average.
Strengths: Riverwoods stands out for lower-than-average crime, a well-educated population.
Trade-offs: Potential downsides include high home prices, longer commutes. Whether Riverwoods is right for you depends on your priorities — the full breakdown is below.
All Riverwoods city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 102.6Riverwoods's overall cost of living index is 102.6, where 100 represents the US national average. Living in Riverwoods costs roughly 3% more than the average American city.
| Metric | Riverwoods, IL | National Avg |
|---|---|---|
| Median Home Value | $776,900 | $244,900 |
| Median Monthly Rent | $3,500 | $1,163 |
| Homeownership Rate | 97.2% | 65.9% |
| Median Household Income | $233,036 | $74,755 |
Crime & Safety
Very SafeRiverwoods's violent crime rate is 26.9 per 100,000 residents — 93% lower than the national average of ~380 per 100,000.
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
| Metric | Riverwoods, IL | National Avg |
|---|---|---|
| School District | N/A | — |
| Elementary Schools | N/A | — |
| Middle Schools | N/A | — |
| High Schools | N/A | — |
| Student/Teacher Ratio | N/A | 16:1 |
| Bachelor's Degree or Higher | 83.0% | 35.4% |
| High School Diploma or Higher | 97.2% | 91.1% |
Weather & Climate
Riverwoods sees average highs of 31.9°F in January and 84.0°F in July, with 38.6 inches of annual precipitation and 33.6 inches of snow per year.
| Metric | Riverwoods, IL |
|---|---|
| Average High — January | 31.9°F |
| Average High — July | 84.0°F |
| Annual Precipitation | 38.6" |
| Annual Snowfall | 33.6" |
Demographics
| Metric | Riverwoods, IL | National Avg |
|---|---|---|
| Population | 4,007 | — |
| Median Age | 51.2 | 38.9 |
| Unemployment Rate | 1.2% | 3.7% |
| Avg Commute Time | 36.9 min | 26 min |
| White (non-Hispanic) | 90.2% | 59.3% |
| Black or African American | 1.8% | 13.6% |
| Hispanic or Latino | 1.4% | 18.9% |
| Asian | 6.0% | 6.3% |
| Under 18 | 23.7% | 22.2% |
| 65 and over | 23.1% | 16.8% |