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: 621
PO Box Addresses: 0
Residential Addresses: 15,224

Multi-Family Addresses: 6,511
Single Family Addresses: 8,713

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Palatine, IL 60074 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	36,595 (100%)
Population in Households	36,583 (100.0%)
Population in Families	29,289 (80.0%)
Population in Group Quarters¹	12 ( 0.0%)
Population Density	4,957
Diversity Index²	81


INCOME
Median Household Income	$83,027
Average Household Income	$111,699
% of Income for Mortgage⁴	23%
Per Capita Income	$45,312
Wealth Index⁵	97
Socioeconomic Status Index⁶	High (45.0)

HOUSING
Total HU (Housing Units)	15,789 (100%)
Owner Occupied HU	9,040 (57.3%)
Renter Occupied HU	5,805 (36.8%)
Vacant Housing Units	944 ( 6.0%)
Median Home Value	$302,030
Average Home Value	$322,395
Housing Affordability Index³	96

HOUSEHOLDS
Total Households	14,845
Average Household Size	2.46
Family Households	9,329
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Palatine, IL 60074 - Peer Comparisons by Rank and Percentile

The table below compares 60074 to the other 1,360 ZIP Codes in Illinois by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	-0.78%	-0.69%
Households	-0.18%	-0.08%
Families		-0.22%
Median Household Income		3.25%
Per Capita Income		3.57%
Owner Occupied HU		0.43%

Variable Description	Rank	Percentile
Total Population	# 95	93rd
Population Density	# 93	93rd
Median Household Income	# 458	66th
Housing Affordability Index	# 213	16th
Per Capita Income	# 364	73rd
Diversity Index	# 60	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, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Palatine, IL 60074 - Peer Comparisons by Rank and Percentile

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