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The total population of Palos Park is estimated to be 4,836 with 2,485 males (51.39%) and 2,351 females (48.61%). There are 134 less females than males in Palos Park.
The median household income in Palos Park was $132,602 in 2021, which marked an an increase of 3,401(2.63%) from $129,201 in 2020. This income is 177.74% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Palos Park sees its highest median household income among householders in the age group of 45 to 64 years old, at $192,230. Overall, the median household income for the village of Palos Park stands at $132,602.
In Palos Park, the median income for all workers aged 15 years and older, regardless of work hours, was $87,172 for males and $30,536 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $132,504 for males and $51,073 for females.
In Palos Park, population is primarily represented by White households, reporting a median income of $133,024.
In 2022, the population of Palos Park was 4,792, a 1.22% decrease year-by-year from 2021. Previously, in 2021, Palos Park's population was 4,851, a decline of 0.98% compared to a population of 4,899 in 2020.
The median age in Palos Park, IL is 56.6, as per 2021 ACS 5-Year Estimates. Of the total population, 14.20% were under the age of 15, 9.22% aged 15 to 29, 45.63% aged 30 to 64, 26.24% aged 65 to 84, and 4.71% were 85 years of age and older.
Racial distribution of Palos Park population: 85.08% are White, 0.72% are Black or African American, 1.07% are Asian, 8.50% are some other race and 4.63% are multiracial.