Palos Park, IL
Population 4,832 · Illinois
About Palos Park, IL
Palos Park is a small community in Illinois with a population of 4,832 residents. The median household income is $126,263 per year, which is above the national average. The median age in Palos Park is 60.6 years.
Housing in Palos Park has a median home value of $469,900 and median monthly rent of $0. Of the 2,208 total housing units, the majority are owner-occupied, with 1,846 owner-occupied and 206 renter-occupied units.
The unemployment rate in Palos Park is 4.8% and the poverty rate is 6.9%. 49.0% of residents hold a bachelor's degree or higher. The average commute time is 31.4 minutes.
Cost of Living in Palos Park, IL
Compared to national averages, Palos Park has a median household income of $126,263 (68% above the national median of $75,149). Home values average $469,900, which is 92% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Palos Park's income is 68% above the state average of $75,072, and home values are 183% above the state median of $165,779.
Why Live in Palos Park, IL?
Palos Park offers a strong local economy with a median household income of $126,263, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 49.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $469,900. However, Palos Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palos Park has a population of 4,832 with a median age of 60.6 years. Compare Palos Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Palos Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Beecher | 4,837 | $101,957 | $241,400 | Compare |
| Flora | 4,860 | $50,588 | $78,400 | Compare |
| Carmi | 4,879 | $47,051 | $98,700 | Compare |
| Robbins | 4,956 | $37,594 | $114,200 | Compare |
| Tuscola | 4,675 | $77,034 | $148,100 | Compare |
| South Barrington | 5,004 | $211,083 | $986,300 | Compare |
| Fairfield | 4,658 | $41,026 | $91,800 | Compare |
| Olympia Fields | 4,636 | $107,656 | $289,900 | 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 Palos Park
What is the population of Palos Park, IL?
The population of Palos Park, IL is 4,832 according to the latest Census data.
What is the median household income in Palos Park?
The median household income in Palos Park, IL is $126,263 per year.
What is the median home value in Palos Park?
The median home value in Palos Park, IL is $469,900.
What is the average rent in Palos Park?
The median monthly rent in Palos Park, IL is $0.
What is the unemployment rate in Palos Park?
The unemployment rate in Palos Park, IL is 4.8%.