Living in University Park, Illinois
Cost of living, income, home prices, rent and demographics of University Park · Census data 2020–2024
University Park has 7,306 residents with a median age of 32.1. The median household income is $73,844 (11% lower than the Illinois median), the median home value is $153,200, the median rent is $1,649/month.
University Park at a glance
- Population
- 7,306
- Median age
- 32.1State: 39
- Median household income
- $73,844State: $83,390
- Median home value
- $153,200State: $263,300
- Median rent
- $1,649/moState: $1,274
- Homeowners
- 63.7%
- Bachelor's degree or higher
- 26.5%
- Average commute
- 39 min
Is University Park a good place to live?
Pros: Home values 42% lower than the state median.
Cons: Median household income 11% lower than the Illinois median; an average commute of 39 minutes; unemployment of 15.9%; a poverty rate of 14.4%.
The weather is best in June to September.
Cost of living in University Park
Housing is the biggest part of the cost of living. In University Park the median home value is $153,200, 54% lower than the U.S. median. Renters pay a median of $1,649 per month, which is 37.1% of household income. Homeowners with a mortgage pay $1,742 a month in housing costs.
University Park median household income
The median household income in University Park is $73,844 and the income per person is $32,951. 14.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in University Park: homes for sale and rent
- Housing units
- 2,801
- Owner-occupied
- 63.7%
- Renter-occupied
- 36.3%
- Vacant
- 10.2%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.86
University Park demographics
- Population
- 7,306
- Median age
- 32.1
- Under 18
- 28.9%
- 65 and older
- 11.3%
- Households
- 2,516
- Foreign-born
- 4.7%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of University Park ›
Education in University Park
26.5% of adults 25 and older in University Park have a bachelor's degree or higher (Illinois: 37.8%), and 9.9% have a graduate or professional degree.
Jobs and commute in University Park
- Unemployment rate
- 15.9%State: 5.8%
- Average commute
- 39 minState: 28 min
- Work from home
- 8.3%
- Drive alone
- 75.8%
- Public transit
- 4%
- Walk to work
- 0.5%
- Homes with broadband
- 90.1%
University Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| University Park | 7,306 | $73,844 | $153,200 | $1,649 |
| Park Forest | 21,156 | $61,072 | $115,300 | $1,365 |
| Richton Park | 12,521 | $64,554 | $220,900 | $1,294 |
| Monee | 5,108 | $91,969 | $240,500 | $1,477 |
| Matteson | 18,645 | $95,457 | $250,600 | $1,580 |
| Crete | 8,386 | $97,147 | $228,500 | $1,309 |
| South Chicago Heights | 3,907 | $58,691 | $149,300 | $1,196 |
| Steger | 9,418 | $66,575 | $156,700 | $1,076 |
| Olympia Fields | 4,734 | $123,875 | $329,000 | $3,501 |
More for people moving to University Park
University Park ZIP code ›Weather and climate ›Living in University Park: FAQ
What is the median household income in University Park, IL?
The median household income in University Park is $73,844, 11% 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 University Park?
The median home value in University Park is $153,200, compared with $263,300 in Illinois.
How much is rent in University Park?
The median gross rent in University Park is $1,649 per month, about 37.1% of household income.
Is University Park, IL a good place to live?
Pluses: home values 42% lower than the state median. Minuses: median household income 11% lower than the Illinois median; an average commute of 39 minutes; unemployment of 15.9%; a poverty rate of 14.4%.
What is the median age in University Park?
The median age in University Park is 32.1 years (Illinois: 39).
How long is the commute in University Park?
The average commute to work in University Park is 39 minutes; 8.3% of workers work from home.
What is the unemployment rate in University Park?
The unemployment rate in University Park is 15.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is University Park?
26.5% of adults in University 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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