What is the median household income in Palos Park, IL?

The median household income in Palos Park, IL is $121,696 (±$15,777) a year (2020–2024 American Community Survey).

In Palos Park, the median household income went from $102,361 in 2015–2019 to $121,696 in 2020–2024 (+18.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median household income
$121,696 (±$15,777)
Median renter income
$14,272 (±$6,322)

Income in Palos Park against Cook County, its state and the nation

Income, estimate (90% margin of error)
Palos ParkCook CountyIllinoisUnited States
Median household income$121,696 (±$15,777)$83,498 (±$630)$83,390 (±$362)$80,734
Median renter household income$14,272 (±$6,322)$55,388 (±$886)$50,420 (±$471)$52,966
Median owner household income$131,624 (±$19,217)$108,804 (±$833)$103,505 (±$377)$100,009
Median gross rent—$1,435 (±$7)$1,274 (±$5)$1,413

In Palos Park, median household income is higher than in Cook County ($83,498).

It is also higher than in Illinois ($83,390).

It is higher than the national figure ($80,734).

In Cook County, Palos Park ranks 27 of 148 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 229 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$102,361 (±$23,653)$121,696 (±$15,777)+18.9%No measurable change after inflation
Median home value$418,600 (±$31,641)$464,700 (±$61,134)+11.0%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near Palos Park

Nearest places with a published estimate, compared with Palos Park
PlaceDistanceMedian household incomeCompared with this place
Palos Park—$121,696 (±$15,777)—
Palos Heights1.7 mi$108,740 (±$10,164)Not measurably different
Palos Township1.8 mi$86,101 (±$5,071)Lower
Palos Hills2.4 mi$83,533 (±$7,909)Lower
Worth2.4 mi$56,288 (±$8,305)Lower
Chicago Ridge3.6 mi$68,964 (±$9,579)Lower
Hickory Hills4.1 mi$77,262 (±$14,599)Lower
Orland Park4.3 mi$98,910 (±$4,566)Lower
Worth Township (Cook County)4.7 mi$77,966 (±$3,381)Lower

Nearby places with a measurably lower figure: Palos Township, IL ($86,101), Palos Hills, IL ($83,533), Worth, IL ($56,288).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Cook County, place by place

RankPlaceMedian household income
21Northfield Township$136,617 (±$5,885)
22Flossmoor$133,663 (±$27,750)
23Olympia Fields$123,875 (±$32,426)
24Lemont$123,370 (±$26,461)
25Orland Hills$122,039 (±$25,066)
26Riverside Township (Cook County)$121,944 (±$16,112)
27Palos Park$121,696 (±$15,777)
28Lemont Township$120,984 (±$11,687)
29La Grange Park$120,408 (±$7,510)
30Arlington Heights$116,723 (±$6,021)
31Morton Grove$111,116 (±$8,932)
32 (tie)Oak Park$110,820 (±$3,611)
32 (tie)Oak Park Township$110,820 (±$3,611)

Showing 13 of 148 places in Cook County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Palos Park

What is the median household income in Palos Park?

The median household income in Palos Park is $121,696 (±$15,777) a year (2020–2024 American Community Survey).

Have incomes in Palos Park kept up with inflation?

In Palos Park, the median household income went from $102,361 in 2015–2019 to $121,696 in 2020–2024 (+18.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

What do renters earn in Palos Park?

The median renting household in Palos Park, IL earns $14,272 (±$6,322) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Palos Park village, Illinois (place:57407, in state:17).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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