Palos Park, Illinois Housing

Palos Park, Illinois has a population of 4,842, with a median household income of $115,420.

Current housing data for Palos Park.

$485,400

👥

Population

4,842

💰

Median Income

$115,420

📉

Unemployment

3.10%

🏠

Housing Price

$485,400

🚨

Crime Rate

7.80

🌐

Internet Speed

1000.00 Mbps

Palos Park is a notable city in Illinois, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Palos Park has a population of 4,842, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Palos Park is $115,420, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Palos Park average around $485,400, which is relatively high compared to other cities in Illinois.

Employment and Safety

The unemployment rate in Palos Park is 3.10%, which is lower than the state average, indicating a relatively strong job market. Palos Park has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Illinois, Palos Park shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Palos Park offers a balanced mix of economic conditions, population trends, and housing opportunities within Illinois.

Frequently Asked Questions about Palos Park

What is the population of Palos Park?

The population of Palos Park is approximately 4,842.

Is Palos Park a good place to live?

Palos Park offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Palos Park?

The median household income in Palos Park is around $115,420.

How expensive is housing in Palos Park?

The average housing price in Palos Park is approximately $485,400.