Loves Park, IL
Population 23,185 · Illinois
About Loves Park, IL
Loves Park is a mid-sized city located in Illinois with a population of 23,185 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,633 per year, which is 22% below the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Loves Park features a median home value of $144,900, which is 41% below the national median of $244,900. This makes Loves Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,102, 5% below the national average of $1,163/month. Of the 10,374 total housing units, 62% are owner-occupied (6,223 units) and 38% are renter-occupied (3,749 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Loves Park shows an unemployment rate of 7.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.0%, above the national average of 12.4%. Workers in Loves Park have an average one-way commute time of 22.4 minutes.
Education & Demographics
24.9% of Loves Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.7% White, 2.8% Hispanic or Latino, 1.0% Black or African American, and 1.4% Asian residents, with 8.3% of the population being foreign-born.
Cost of Living in Loves Park, IL
Compared to national averages, Loves Park has a median household income of $58,633 (22% below the national median of $75,149). Home values average $144,900, which is 41% below the national median. Monthly rent at $1,102 is 5% below the US average of $1,163. Within Illinois, Loves Park's income is 22% below the state average of $75,072, and home values are 13% below the state median of $165,779.
Why Live in Loves Park, IL?
Loves Park offers affordable housing with a median home value of $144,900, below the US average of $244,900, and rent that’s lower than the national average at $1,102/month, and short commute times averaging just 22.4 minutes.
Potential considerations include median household income ($58,633) that falls below the national average. However, Loves Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Loves Park has a population of 23,185 with a median age of 36.8 years. Compare Loves Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Loves Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Maywood | 23,173 | $66,498 | $212,600 | Compare |
| Lisle | 23,413 | $106,173 | $407,000 | Compare |
| Blue Island | 23,416 | $60,965 | $169,800 | Compare |
| Machesney Park | 22,744 | $74,244 | $162,500 | Compare |
| Freeport | 23,636 | $48,181 | $86,100 | Compare |
| Roselle | 22,731 | $109,118 | $318,000 | Compare |
| East Peoria | 22,485 | $71,763 | $160,800 | Compare |
| Villa Park | 22,456 | $94,698 | $313,100 | 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 Loves Park With Other Cities
Frequently Asked Questions about Loves Park
What is the population of Loves Park, IL?
The population of Loves Park, IL is 23,185 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Loves Park?
The median household income in Loves Park, IL is $58,633 per year, which is 22% below the national median of $75,149.
What is the median home value in Loves Park?
The median home value in Loves Park, IL is $144,900, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Loves Park?
The median monthly rent in Loves Park, IL is $1,102, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Loves Park?
The unemployment rate in Loves Park, IL is 7.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Loves Park, IL a good place to live?
Loves Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 23,185 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Loves Park, IL?
24.9% of residents in Loves 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 Loves Park?
Key cost-of-living indicators for Loves Park, IL: median home value is $144,900 (41% below national), median rent is $1,102/month, and median household income is $58,633. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Loves Park?
The poverty rate in Loves Park, IL is 15.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Loves Park, IL?
Loves Park's population is 6.7% White, 2.8% Hispanic or Latino, 1.0% Black or African American, 1.4% Asian, and 7.7% two or more races. 8.3% of residents are foreign-born.