Palos Park is a very small village located in the state of Illinois. With a population of 4,899 people and three constituent neighborhoods, Palos Park is the 347th largest community in Illinois.
Palos Park real estate is some of the most expensive in Illinois, although Palos Park house values don't compare to the most expensive real estate in the U.S.
Palos Park is a decidedly white-collar village, with fully 85.47% of the workforce employed in white-collar jobs, well above the national average. Overall, Palos Park is a village of managers, professionals, and sales and office workers. There are especially a lot of people living in Palos Park who work in management occupations (19.69%), office and administrative support (9.72%), and food service (9.28%).
Also of interest is that Palos Park has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.26% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Palos Park is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Palos Park is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Palos Park’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
In Palos Park, however, the average commute to work is quite long. On average, people spend 30.34 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Even though Palos Park is a smaller village, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
The education level of Palos Park ranks among the highest in the nation. Of the 25-and-older adult population in Palos Park, 40.24% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Palos Park in 2018 was $63,500, which is wealthy relative to Illinois and the nation. This equates to an annual income of $254,000 for a family of four. However, Palos Park contains both very wealthy and poor people as well.
The people who call Palos Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palos Park residents report their race to be White, followed by Asian. Important ancestries of people in Palos Park include Irish, German, Polish, Italian, and Lithuanian.
The most common language spoken in Palos Park is English. Other important languages spoken here include Polish and Other Indo-European.