Pros and Cons of Living In Palatine, Illinois. Is Palatine, IL a Nice Place To Live or Retire?

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Palatine, Illinois

Moving to Palatine In Illinois ? Is Palatine, IL a Nice Place To Live? Pros and Cons of Living in Palatine, Illinois. Find out the best and worst about to live, raise a family or retire in Palatine.

Palatine () is a village in Cook County, Illinois, United States. It is a northwestern residential suburb of Chicago. As of the 2020 census, it had a population of 67,908. As of the 2010 Census, it was the seventh-largest community in Cook County and the 18th-largest in Illinois.

DEMOGRAPHICS

Population
67875
Unemployment
4.5%
4% NAT AVG.
Poverty
9.9%
29% NAT AVG.
Cost Of Living
117
17% NAT AVG.

ECONOMICS

Median Home Cost
$286600
25% NAT AVG.
Median Income
$83495
24% NAT AVG.
Median Rent
$1236
7% NAT AVG.
Overall Score
9

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 10
Unemployed People
1 in 22
People Earning < $10,000
1 in 36
People Earning < $50,000
29%
People With Any Degree
1 in 1.8

ETHNICITY

Ethnicity Palatine USA
White 63.1% 60.1%
African American 3.1% 12.2%
American Indian 0% 0.6%
Asian 11.1% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.9% 2.8%
Hispanic 20.6% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Palatine USA
Less than $10,000 2.8% 5.8%
$10,000 to $14,999 1.6% 4.1%
$15,000 to $24,999 6.2% 8.5%
$25,000 to $34,999 7.2% 8.6%
$35,000 to $49,999 11.2% 12.0%
$50,000 to $74,999 15.5% 17.2%
$75,000 to $99,999 12.4% 12.8%
$100,000 to $149,999 19.5% 15.6%
$150,000 to $199,999 11.7% 7.1%

EDUCATION

Education Palatine USA
< 9th Grade 7% 5.0%
9-12th Grade 3% 7.0%
High School or GED 16% 27.0%
Other College 18% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 31% 20.0%
Master's Degree 15% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
Palatine is a city in Illinois state in USA with a population of 67875 residents.. The poverty rate of Palatine is 9.9%, which is 29% lower than national average. The typical household in Palatine earns $83495 a year, compared to the national median of $67,500. Nearly 29% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Palatine remained 4.5%, which is 4% lower than national rate.

Cost of living in Palatine is 117, which is 17% higher than national average. In Palatine, only 49% of adults have a bachelor's degree and 25% have some college but no degree. Median home value in Palatine is $286600 , which is 25% higher than national average. While median income in Palatine remained $83495, which is 24% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Palatine Scorecard

Jobs80%

Housing85%

Affordability70%

Safety95%

Amenities95%

Diversity90%

Education80%

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