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ZipNumbers

Illinois · Census place 57225

Palatine village, IL

Quick answer

Palatine village has 66,548 residents, ranking #18 of 1462 places in Illinois. Median household income is $95,950, the median home is worth $347,900 and median gross rent runs $1,467 a month.

Population
66,548Palatine village residents
Median household income
$95,950Past 12 months, inflation adjusted
Median home value
$347,900Owner-occupied units
Median gross rent
$1,467Rent plus utilities, monthly
Median age
39.6 yrsAll residents
Homeownership rate
67.2%Owner-occupied households

What the numbers mean in Palatine village

Housing cost measured against local earnings.

A household earning the Palatine village median would spend about 18.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.1% of residents and 67.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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