Palatine, IL
Population 66,548 · Illinois
About Palatine, IL
Palatine is a mid-sized city in Illinois with a population of 66,548 residents. The median household income is $95,950 per year, which is above the national average. The median age in Palatine is 39.6 years.
Housing in Palatine has a median home value of $347,900 and median monthly rent of $1,467. Of the 28,170 total housing units, the majority are owner-occupied, with 18,011 owner-occupied and 8,808 renter-occupied units.
The unemployment rate in Palatine is 4.4% and the poverty rate is 10.1%. 49.8% of residents hold a bachelor's degree or higher. The average commute time is 28 minutes.
How Palatine Ranks in Illinois
Cost of Living in Palatine, IL
Compared to national averages, Palatine has a median household income of $95,950 (28% above the national median of $75,149). Home values average $347,900, which is 42% above the national median. Monthly rent at $1,467 is 26% above the US average of $1,163. Within Illinois, Palatine's income is 28% above the state average of $75,072, and home values are 110% above the state median of $165,779.
Why Live in Palatine, IL?
Palatine offers a strong local economy with a median household income of $95,950, well above the national average, and a well-educated community where 49.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.1%, better than the national average.
Palatine has a population of 66,548 with a median age of 39.6 years. Compare Palatine with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Palatine
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Skokie | 66,427 | $93,550 | $368,600 | Compare |
| Decatur | 70,368 | $50,809 | $97,300 | Compare |
| Des Plaines | 59,408 | $94,303 | $318,200 | Compare |
| Bolingbrook | 73,813 | $107,552 | $295,500 | Compare |
| Orland Park | 57,961 | $98,979 | $349,400 | Compare |
| Oak Lawn | 57,098 | $82,493 | $267,900 | Compare |
| Arlington Heights | 76,220 | $118,532 | $403,200 | Compare |
| Evanston | 76,552 | $95,766 | $472,300 | 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 Palatine
What is the population of Palatine, IL?
The population of Palatine, IL is 66,548 according to the latest Census data.
What is the median household income in Palatine?
The median household income in Palatine, IL is $95,950 per year.
What is the median home value in Palatine?
The median home value in Palatine, IL is $347,900.
What is the average rent in Palatine?
The median monthly rent in Palatine, IL is $1,467.
What is the unemployment rate in Palatine?
The unemployment rate in Palatine, IL is 4.4%.