Rensselaer has the 3294th largest population in the United States. The population shrank by 0.9% from 2010 to 2015, which was slower than the national average. Rensselaer is part of the Chicago metro area. Unemployment in the Chicago area is 5%, which is higher than the national average, and is getting better. Chicago has the 3rd largest local economy in the US, and a low cost of living. The average pay for jobs in Rensselaer is above average at $52,480, and the median cost of a home in Rensselaer is $112,900, which is below the national average. 17% of workers in Rensselaer hold a bachelors degree or higher (above average), and 85% of workers have a high school degree (above average). Driving to work is especially common in Rensselaer. 85% of Rensselaer workers drive to work alone, 0% take public transit, 8% carpool, and 6% walk. People in Rensselaer spend an average of 15 minutes commuting to work, which is shorter than the national average of 26 minutes.