Palos Park is a very small village located in the state of Illinois. With a population of 4,906 people and two constituent neighborhoods, Palos Park is the 342nd largest community in Illinois.
Palos Park home prices are not only among the most expensive in Illinois, but Palos Park real estate also consistently ranks among the most expensive in America.
Palos Park is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Palos Park is a village of professionals, managers and sales and office workers. There are especially a lot of people living in Palos Park who work in management occupations (15.26%), healthcare (14.84%) and office and administrative support (14.80%).
Of important note, Palos Park is also a village of artists. Palos Park has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Palos Park’s character.
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.
Telecommuters are a relatively large percentage of the workforce: 7.55% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Because of many things, Palos Park is a great place for families with children to consider. First of all, many other families with children live here, making Palos Park a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Palos Park has a high rate of owner-occupied single family homes, which tends to reflect stability in the local 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.
One downside of living in Palos Park is that it can take a long time to commute to work. In Palos Park, the average commute to work is 31.25 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the village, so leaving the car at home and taking transit is often a viable alternative.
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.
Palos Park is one of the most well-educated cities in the nation. 44.06% of adults in Palos Park have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Palos Park in 2010 was $48,766, which is wealthy relative to Illinois and the nation. This equates to an annual income of $195,064 for a family of four.
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, English and Lithuanian.
The most common language spoken in Palos Park is English. Other important languages spoken here include Arabic and Spanish.
|PALOS PARK INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||2,057|
|PALOS PARK HOME OWNERSHIP|
|% OWNER OCCUPIED||85.19%|
|% RENTER OCCUPIED||14.81%|
|TYPE OF PALOS PARK HOMES|
|SINGLE FAMILY DETACHED||68.82%|
|ROWHOUSES AND ATTACHED HOMES||13.92%|
|SMALL APARTMENT BUILDINGS||8.35%|
|COMPLEXES OR HIGH RISE APARTMENTS||8.91%|
|SIZE OF PALOS PARK HOMES|
|5 OR MORE BEDROOMS||8.06%|
|AGE OF PALOS PARK HOMES|
|NEWER HOMES (2000 OR LATER)||18.00%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||38.44%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||36.80%|
|HISTORIC (1939 OR BEFORE)||6.75%|
|PALOS PARK REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$410,533|
|MEDIAN RENTAL PRICE||$2,239|
|HOME VALUE RANGE|
|$0 - $54,000||1.12%|
|$54,001 - $109,000||1.40%|
|$109,001 - $218,000||10.52%|
|$218,001 - $327,000||19.07%|
|$327,001 - $435,000||23.66%|
|$435,001 - $544,000||16.56%|
|$544,001 - $816,000||15.72%|
|$816,001 - $1,088,000||6.04%|
|PEOPLE OF PALOS PARK||DETAILS|
|UNDER 5 YEARS||4.76%|
|5 TO 17||12.77%|
|18 TO 24||2.56%|
|25 TO 34||8.64%|
|35 TO 54||22.04%|
|55 TO 64||21.39%|
|65 YEARS AND OVER||27.85%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||96.24%|
|MEDIAN HOUSEHOLD INCOME||$76,683|
|PER CAPITA INCOME||$48,766|
|INDIVIDUALS BELOW POVERTY LEVEL||2.29%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (18.66%)
Professional, scientific, and technical services (12.36%)
Real estate (8.55%)
|BLACK OR AFRICAN AMERICAN||0.96%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.20%|
|TWO OR MORE RACES||1.08%|
|HISPANIC OR LATINO (OF ANY RACE)||8.25%|
|ETHNICITIES PRESENT||Irish (22.40%)
|LANGUAGES SPOKEN||English (86.98%)
Other Indo-European (1.99%)
Scandinavian languages (1.77%)
Slavic languages (1.15%)
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