Living in Palos Park, Illinois
Cost of living, income, home prices, rent and demographics of Palos Park · Census data 2020–2024
Palos Park has 4,816 residents with a median age of 59.7. The median household income is $121,696 (46% higher than the Illinois median), the median home value is $464,700.
Palos Park at a glance
- Population
- 4,816
- Median age
- 59.7State: 39
- Median household income
- $121,696State: $83,390
- Median home value
- $464,700State: $263,300
- Homeowners
- 89.8%
- Bachelor's degree or higher
- 51.7%
- Average commute
- 30 min
Is Palos Park a good place to live?
Pros: Median household income 46% higher than the Illinois median; unemployment of 4.7%; a poverty rate of 8.5%.
Cons: Home values 76% higher than the state median; an average commute of 30 minutes.
The weather is best in May–June and August–September.
Cost of living in Palos Park
Housing is the biggest part of the cost of living. In Palos Park the median home value is $464,700, 40% higher than the U.S. median. Renters pay a median of — per month, which is 28.4% of household income. Homeowners with a mortgage pay $3,691 a month in housing costs.
Palos Park median household income
The median household income in Palos Park is $121,696 and the income per person is $94,436. 8.5% of residents live below the poverty line (Illinois: 11.8%).
Housing in Palos Park: homes for sale and rent
- Housing units
- 2,184
- Owner-occupied
- 89.8%
- Renter-occupied
- 10.2%
- Vacant
- 6.8%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.32
Palos Park demographics
- Population
- 4,816
- Median age
- 59.7
- Under 18
- 16.2%
- 65 and older
- 36.9%
- Households
- 2,036
- Foreign-born
- 14.8%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Palos Park ›
Education in Palos Park
51.7% of adults 25 and older in Palos Park have a bachelor's degree or higher (Illinois: 37.8%), and 24.6% have a graduate or professional degree.
Jobs and commute in Palos Park
- Unemployment rate
- 4.7%State: 5.8%
- Average commute
- 30 minState: 28 min
- Work from home
- 28.8%
- Drive alone
- 61.8%
- Public transit
- 1.5%
- Walk to work
- 0.6%
- Homes with broadband
- 96.6%
Palos Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palos Park | 4,816 | $121,696 | $464,700 | — |
| Palos Heights | 12,152 | $108,740 | $367,100 | $2,558 |
| Palos Hills | 18,081 | $83,533 | $279,200 | $1,269 |
| Orland Park | 57,916 | $98,910 | $367,200 | $1,440 |
| Worth | 10,700 | $56,288 | $215,000 | $1,169 |
| Orland Hills | 6,719 | $122,039 | $280,300 | $1,359 |
| Hickory Hills | 14,526 | $77,262 | $288,000 | $1,145 |
| Chicago Ridge | 14,099 | $68,964 | $226,900 | $1,304 |
| Willow Springs | 5,868 | $103,583 | $378,300 | $1,463 |
More for people moving to Palos Park
Palos Park ZIP code ›Weather and climate ›Living in Palos Park: FAQ
What is the median household income in Palos Park, IL?
The median household income in Palos Park is $121,696, 46% higher 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 Palos Park?
The median home value in Palos Park is $464,700, compared with $263,300 in Illinois.
Is Palos Park, IL a good place to live?
Pluses: median household income 46% higher than the Illinois median; unemployment of 4.7%; a poverty rate of 8.5%. Minuses: home values 76% higher than the state median; an average commute of 30 minutes.
What is the median age in Palos Park?
The median age in Palos Park is 59.7 years (Illinois: 39).
How long is the commute in Palos Park?
The average commute to work in Palos Park is 30 minutes; 28.8% of workers work from home.
What is the unemployment rate in Palos Park?
The unemployment rate in Palos Park is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palos Park?
51.7% of adults in Palos 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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