Living in Loves Park, Illinois
Cost of living, income, home prices, rent and demographics of Loves Park · Census data 2020–2024
Loves Park has 23,502 residents with a median age of 37.2. The median household income is $61,868 (26% lower than the Illinois median), the median home value is $160,400, the median rent is $1,120/month.
Loves Park at a glance
- Population
- 23,502
- Median age
- 37.2State: 39
- Median household income
- $61,868State: $83,390
- Median home value
- $160,400State: $263,300
- Median rent
- $1,120/moState: $1,274
- Homeowners
- 60.9%
- Bachelor's degree or higher
- 25.7%
- Average commute
- 22 min
Is Loves Park a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 26% lower than the Illinois median; unemployment of 6.3%; a poverty rate of 14.4%.
The weather is best in June to September.
Cost of living in Loves Park
Housing is the biggest part of the cost of living. In Loves Park the median home value is $160,400, 52% lower than the U.S. median. Renters pay a median of $1,120 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,247 a month in housing costs.
Loves Park median household income
The median household income in Loves Park is $61,868 and the income per person is $37,338. 14.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Loves Park: homes for sale and rent
- Housing units
- 10,675
- Owner-occupied
- 60.9%
- Renter-occupied
- 39.1%
- Vacant
- 3.5%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.26
Loves Park demographics
- Population
- 23,502
- Median age
- 37.2
- Under 18
- 20.4%
- 65 and older
- 18.5%
- Households
- 10,302
- Foreign-born
- 8.1%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Loves Park ›
Education in Loves Park
25.7% of adults 25 and older in Loves Park have a bachelor's degree or higher (Illinois: 37.8%), and 10.4% have a graduate or professional degree.
Jobs and commute in Loves Park
- Unemployment rate
- 6.3%State: 5.8%
- Average commute
- 22 minState: 28 min
- Work from home
- 8.8%
- Drive alone
- 80.9%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 88.6%
Loves Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Loves Park | 23,502 | $61,868 | $160,400 | $1,120 |
| Machesney Park | 22,630 | $75,489 | $173,700 | $1,102 |
| Argyle | 324 | $139,632 | $277,400 | — |
| Caledonia | 226 | $88,571 | $163,200 | $1,711 |
| Roscoe | 10,706 | $93,036 | $227,800 | $1,437 |
| Rockford | 147,521 | $54,752 | $129,000 | $985 |
| Candlewick Lake | 5,448 | $86,146 | $172,300 | $1,520 |
| Timberlane | 1,278 | $147,308 | $351,000 | — |
| Cherry Valley | 3,749 | $74,655 | $232,800 | $1,024 |
More for people moving to Loves Park
Loves Park ZIP code ›Weather and climate ›Living in Loves Park: FAQ
What is the median household income in Loves Park, IL?
The median household income in Loves Park is $61,868, 26% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Loves Park?
The median home value in Loves Park is $160,400, compared with $263,300 in Illinois.
How much is rent in Loves Park?
The median gross rent in Loves Park is $1,120 per month, about 26.3% of household income.
Is Loves Park, IL a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 22 minutes. Minuses: median household income 26% lower than the Illinois median; unemployment of 6.3%; a poverty rate of 14.4%.
What is the median age in Loves Park?
The median age in Loves Park is 37.2 years (Illinois: 39).
How long is the commute in Loves Park?
The average commute to work in Loves Park is 22 minutes; 8.8% of workers work from home.
What is the unemployment rate in Loves Park?
The unemployment rate in Loves Park is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Loves Park?
25.7% of adults in Loves Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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