Palos Park, IL Profile: Facts & Data

Advertisement

Palos Park Local Links & Resources:
Hotels | Resources | ALL Palos Park Content

Also See: Palos Park, IL ZIP Codes & ZIP Code Maps | Local Area Photos

Palos Park, Illinois - Basic Facts

The Village of Palos Park had a population of 5,354 as of July 1, 2019.

The primary coordinate point for Palos Park is located at latitude 41.6673 and longitude -87.8303 in Cook County. The formal boundaries for the Village of Palos Park encompass a land area of 3.93 sq. miles and a water area of 0.04 sq. miles. Cook County is in the Central time zone (GMT -6). The elevation is 689 feet.

The Village of Palos Park (GNIS ID: 2399616) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Palos Park is located within Township of Palos, a minor civil division (MCD) of Cook County.


Jump to... (On This Page!)
  1. Palos Park 2019 Demographic Data
  2. Growth Rates for Palos Park (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2019 Demographics

Palos Park, IL - Most Popular Things to Do

Also See: Nearby Photos | Nearby Hotels | Driving Directions

Use HTL Address Research for a Illinois Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Advertisement

Palos Park, IL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Palos Park, IL Housing Affordability Index is 127
State of Illinois Housing Affordability Index is 119
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Palos Park, IL Wealth Index is 258
State of Illinois Wealth Index is 105
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Illinois address.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 5,354
Population in Households 5,161
Population in Familes 4,465
Population in Group Qrtrs 193
Population Density 845
Diversity Index1 27
 

INCOME

Median Household Income $100,590
Average Household Income $137,621
Per Capita Income $53,371
Wealth Index3 258

HOUSING

Total Housing Units 2,327 (100%)
Owner Occupied HU 1,973 (84.8%)
Renter Occupied HU 196 ( 8.4%)
Vacant Housing Units 158 ( 6.8%)
Median Home Value $404,935
Housing Affordability Index2 127
 

HOUSEHOLDS

Total Households 2,169
Average Household Size 2.38
Family Households 1,547
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.21% -0.2%
Households -0.13% -0.19%
Families 0.36% -0.22%
Median Household Income   1.33%
Per Capita Income   1.98%

Palos Park, IL - Peer Comparisons by Rank and Percentile

The table below compares Palos Park to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 327 76th
Population Density # 845 38th
Diversity Index # 403 71st
Median Household Income # 92 93rd
Per Capita Income # 52 96th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Illinois Census Data Comparison Tool

Compare Illinois July 1, 2019 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement