Grant Park, IL
Population 1,547 · Illinois
About Grant Park, IL
Grant Park is a small town located in Illinois with a population of 1,547 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,500 per year, which is 4% below the national median of $75,149. The median age of 33.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Grant Park features a median home value of $205,500, which is 16% below the national median of $244,900. This positions Grant Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,149, 1% below the national average of $1,163/month. Of the 472 total housing units, 67% are owner-occupied (318 units) and 33% are renter-occupied (154 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grant Park shows an unemployment rate of 7.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grant Park have an average one-way commute time of 31.3 minutes.
Education & Demographics
12.6% of Grant Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.4% White, 3.3% Hispanic or Latino, 0.3% Black or African American, and 0.3% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Grant Park, IL
Compared to national averages, Grant Park has a median household income of $72,500 (4% below the national median of $75,149). Home values average $205,500, which is 16% below the national median. Monthly rent at $1,149 is 1% below the US average of $1,163. Within Illinois, Grant Park's income is 3% below the state average of $75,072, and home values are 24% above the state median of $165,779.
Why Live in Grant Park, IL?
Grant Park offers affordable housing with a median home value of $205,500, below the US average of $244,900, and rent that’s lower than the national average at $1,149/month, and a low poverty rate of 12.0%, better than the national average.
Potential considerations include median household income ($72,500) that falls below the national average. However, Grant Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grant Park has a population of 1,547 with a median age of 33.5 years. Compare Grant Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Grant Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Winchester | 1,543 | $54,286 | $96,000 | Compare |
| Twin Grove | 1,554 | $113,250 | $246,400 | Compare |
| Benld | 1,535 | $45,667 | $83,000 | Compare |
| Chenoa | 1,559 | $66,625 | $120,700 | Compare |
| Wyoming | 1,532 | $57,969 | $105,700 | Compare |
| Harristown | 1,526 | $74,018 | $116,700 | Compare |
| Thomson | 1,526 | $54,063 | $122,300 | Compare |
| Port Barrington | 1,574 | $144,167 | $361,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Grant Park With Other Cities
Frequently Asked Questions about Grant Park
What is the population of Grant Park, IL?
The population of Grant Park, IL is 1,547 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Grant Park?
The median household income in Grant Park, IL is $72,500 per year, which is 4% below the national median of $75,149.
What is the median home value in Grant Park?
The median home value in Grant Park, IL is $205,500, which is 16% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grant Park?
The median monthly rent in Grant Park, IL is $1,149, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Grant Park?
The unemployment rate in Grant Park, IL is 7.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Grant Park, IL a good place to live?
Grant Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,547 and a median age of 33.5, the city appeals to young professionals and families.
How educated is Grant Park, IL?
12.6% of residents in Grant Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Grant Park?
Key cost-of-living indicators for Grant Park, IL: median home value is $205,500 (16% below national), median rent is $1,149/month, and median household income is $72,500. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grant Park?
The poverty rate in Grant Park, IL is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grant Park, IL?
Grant Park's population is 4.4% White, 3.3% Hispanic or Latino, 0.3% Black or African American, 0.3% Asian, and 0.1% two or more races. 0.7% of residents are foreign-born.