60074 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Cook County
Centroid: Latitude 42.146, Longitude -88.028
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 60074 has segments in 2 Counties (Cook, Lake).

Businesses Addresses: 609
PO Box Addresses: 0
Residential Addresses: 15,264

Multi-Family Addresses: 6,519
Single Family Addresses: 8,745

Foreclosures in IL 60074

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Palatine, IL 60074 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	37,550 (100%)
Population in Households	37,504 (99.9%)
Population in Families	30,367 (80.9%)
Population in Group Quarters¹	46 ( 0.1%)
Population Density	4,177
Diversity Index²	80


INCOME
Median Household Income	$82,732
Average Household Income	$110,876
% of Income for Mortgage⁴	18%
Per Capita Income	$43,958
Wealth Index⁵	107

HOUSING
Total HU (Housing Units)	15,731 (100%)
Owner Occupied HU	9,243 (58.8%)
Renter Occupied HU	5,521 (35.1%)
Vacant Housing Units	966 ( 6.1%)
Median Home Value	$289,230
Average Home Value	$321,992
Housing Affordability Index³	114

HOUSEHOLDS
Total Households	14,765
Average Household Size	2.54
Family Households	9,691
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
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 races 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.
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.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.

Palatine, IL 60074 - Peer Comparisons by Rank and Percentile

The table below compares 60074 to the other 1,371 ZIP Codes in Illinois by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.06%	-0.50%
Households	-0.15%	-0.36%
Families		-0.41%
Median Household Income		4.15%
Per Capita Income		3.28%
Owner Occupied HU		-0.04%

Variable Description	Rank	Percentile
Total Population	# 90	94th
Population Density	# 128	91st
Median Household Income	# 326	76th
Housing Affordability Index	# 161	12th
Per Capita Income	# 276	80th
Diversity Index	# 62	96th

60074 ZIP Code Profile, Map, Data & Demographics

ZIP Code 60074: Basic Data & USPS Preferred City Name

Palatine, IL 60074 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Palatine, IL 60074 - Peer Comparisons by Rank and Percentile

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