Park City, IL
Population 7,631 · Illinois
About Park City, IL
Park City is a small town located in Illinois with a population of 7,631 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,875 per year, which is 16% below the national median of $75,149. The median age of 31.6 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 Park City features a median home value of $0, which is 100% below the national median of $244,900. This makes Park City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,129, 3% below the national average of $1,163/month. Of the 2,906 total housing units, 58% are owner-occupied (1,601 units) and 42% are renter-occupied (1,164 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Park City shows an unemployment rate of 11.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Park City have an average one-way commute time of 23.7 minutes.
Education & Demographics
13.7% of Park City 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 70.8% White, 3.0% Hispanic or Latino, 1.7% Black or African American, and 3.3% Asian residents, with 36.4% of the population being foreign-born.
Cost of Living in Park City, IL
Compared to national averages, Park City has a median household income of $62,875 (16% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,129 is 3% below the US average of $1,163. Within Illinois, Park City's income is 16% below the state average of $75,072, and home values are 100% below the state median of $165,779.
Why Live in Park City, IL?
Park City offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $1,129/month, and a low poverty rate of 12.1%, better than the national average. Additionally, the city features short commute times averaging just 23.7 minutes.
Potential considerations include median household income ($62,875) that falls below the national average. However, Park City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Park City has a population of 7,631 with a median age of 31.6 years. Compare Park City with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Park City
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Inverness | 7,541 | $215,810 | $704,100 | Compare |
| North Riverside | 7,495 | $80,753 | $295,100 | Compare |
| Princeton | 7,829 | $57,682 | $131,300 | Compare |
| Jerseyville | 7,432 | $71,623 | $124,200 | Compare |
| Round Lake Park | 7,833 | $57,486 | $157,900 | Compare |
| West Dundee | 7,867 | $104,750 | $342,900 | Compare |
| Broadview | 7,898 | $60,139 | $240,600 | Compare |
| Salem | 7,341 | $57,083 | $99,800 | 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 Park City With Other Cities
Frequently Asked Questions about Park City
What is the population of Park City, IL?
The population of Park City, IL is 7,631 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 Park City?
The median household income in Park City, IL is $62,875 per year, which is 16% below the national median of $75,149.
What is the median home value in Park City?
The median home value in Park City, IL is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Park City?
The median monthly rent in Park City, IL is $1,129, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Park City?
The unemployment rate in Park City, IL is 11.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Park City, IL a good place to live?
Park City offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,631 and a median age of 31.6, the city appeals to young professionals and families.
How educated is Park City, IL?
13.7% of residents in Park City 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 Park City?
Key cost-of-living indicators for Park City, IL: median home value is $0 (100% below national), median rent is $1,129/month, and median household income is $62,875. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Park City?
The poverty rate in Park City, IL is 12.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Park City, IL?
Park City's population is 70.8% White, 3.0% Hispanic or Latino, 1.7% Black or African American, 3.3% Asian, and 5.6% two or more races. 36.4% of residents are foreign-born.