Grant Park, IL
Population 1,547 · Illinois
About Grant Park, IL
Grant Park is a small community in Illinois with a population of 1,547 residents. The median household income is $72,500 per year, which is above the national average. The median age in Grant Park is 33.5 years.
Housing in Grant Park has a median home value of $205,500 and median monthly rent of $1,149. Of the 472 total housing units, the majority are owner-occupied, with 318 owner-occupied and 154 renter-occupied units.
The unemployment rate in Grant Park is 7.9% and the poverty rate is 12.0%. 12.6% of residents hold a bachelor's degree or higher. The average commute time is 31.3 minutes.
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.
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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 Census data.
What is the median household income in Grant Park?
The median household income in Grant Park, IL is $72,500 per year.
What is the median home value in Grant Park?
The median home value in Grant Park, IL is $205,500.
What is the average rent in Grant Park?
The median monthly rent in Grant Park, IL is $1,149.
What is the unemployment rate in Grant Park?
The unemployment rate in Grant Park, IL is 7.9%.