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Economy, jobs and prices in Palatine, Illinois: official figures

The median household income in Palatine was $97,819 a year in the 2020-2024 American Community Survey (in 2024 dollars), 244th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Illinois median $83,390.

Median household income
$97,819
2020-2024
Unemployment rate (ACS)
4.1%
2020-2024
Mean travel time to work
27.7 min
2020-2024
Median gross rent (monthly)
$1,549
2020-2024
Median home value (owner-occupied)
$355,600
2020-2024
Homes occupied by their owners
67.4%
2020-2024
Households with a broadband subscription
95.6%
2020-2024

What is the per capita income in Palatine?

Income per resident (per capita income) in Palatine averaged $51,147 a year in 2020-2024, 207th highest of 823 US cities of 50,000 or more (US: $44,673; Illinois: $46,406).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Palatine?

Palatine's Gini index of household income inequality was 0.428 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 250th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Palatine, Illinois?

4.1% of the civilian labor force in Palatine was unemployed on average over 2020-2024 (1,566 people), 189th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Illinois' 5.8%.

Source: U.S. Census Bureau · saved copy

What share of people in Palatine are working?

71.3% of Palatine's 54,150 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 105th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Palatine have jobs?

37,027 residents of Palatine held civilian jobs, 68.4% of those aged 16 and over (US: 59.7%); the survey counted no residents in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Palatine?

The largest industry group for working residents of Palatine was education, health care and social assistance (21.3% of employed residents), followed by professional, scientific, management and administrative services (15.1%) and manufacturing (12.2%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Palatine work in manufacturing?

Manufacturing employed 12.2% of working residents of Palatine, 180th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 15.1% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Palatine, Illinois?

Commuters in Palatine took 27.7 minutes on average to get to work in 2020-2024, 238th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 8.3% travelled an hour or more and 18.1% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Palatine get to work?

20.6% of workers living in Palatine worked from home in 2020-2024, 189th highest of 823 US cities of 50,000 or more (US: 15.1%). 69.4% drove to work alone, 5.4% carpooled, 2.3% used public transport and 1.0% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Palatine, Illinois?

The median gross rent (rent plus utilities) in Palatine was $1,549 a month in 2020-2024, 390th lowest of 823 US cities of 50,000 or more (US: $1,413; Illinois: $1,274).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Palatine?

Owner-occupied homes in Palatine had a median value of $355,600 in 2020-2024 as estimated by their owners, 351st lowest of 823 US cities of 50,000 or more (US: $332,700; Illinois: $263,300).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Palatine?

The median home value in Palatine was 3.6 times the median household income, 229th lowest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Palatine, Illinois own their home?

67.4% of the 27,303 occupied homes in Palatine were lived in by their owners in 2020-2024 and 8,905 were rented, 195th highest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Illinois: 67.1%).

Source: U.S. Census Bureau · saved copy

What share of homes in Palatine have broadband?

95.6% of households in Palatine had a broadband internet subscription of some type in 2020-2024, 140th highest of 823 US cities of 50,000 or more (US: 91.0%; Illinois: 90.8%).

Source: U.S. Census Bureau · saved copy

How many households in Palatine have no internet?

3.0% of households in Palatine (831) had no internet access at home in 2020-2024, 199th lowest of 823 US cities of 50,000 or more (US: 6.5%); 8.3% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Palatine compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Palatine ranks 244 of 823, highest first.

RankCityMedian household income (2024 dollars)
241Millcreek$98,045
242Auburn$97,884
243Des Plaines$97,875
244Palatine$97,819
245Oceanside$97,737
246Jersey City$97,710
247Apple Valley$97,673
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Palatine ranks 207 of 823, highest first.

RankCityPer capita income (2024 dollars)
204Hillsboro$51,232
205Salt Lake City$51,173
206Pearland$51,157
207Palatine$51,147
208Anchorage$51,144
209Santa Clarita$51,072
210Peabody$51,060
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Palatine ranks 574 of 823, highest first.

RankCityGini index of household income inequality
571La Mesa0.428
572Sandy0.428
573Rock Hill0.428
574Palatine0.428
575Lansing0.427
576Taunton0.427
577Twin Falls0.427
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Palatine ranks 635 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
632Pembroke Pines4.1%
633Margate4.1%
634Milpitas4.1%
635Palatine4.1%
636Kannapolis4.1%
637Little Rock4.1%
638Herriman4.0%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Palatine ranks 105 of 823, highest first.

RankCityLabor force participation rate (16 and over)
102Hillsboro71.3%
103Alpharetta71.3%
104Eden Prairie71.3%
105Palatine71.3%
106Kirkland71.2%
107Waukesha71.2%
108Des Moines71.1%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Palatine ranks 238 of 823, highest first.

RankCityMean travel time to work (minutes)
235Downers Grove27.8
236Berkeley27.8
237Palm Bay27.8
238Palatine27.7
239Methuen27.7
240Marana27.7
241Glendale27.7
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Palatine ranks 189 of 823, highest first.

RankCityWorkers who worked from home
186Lee's Summit20.8%
187Bloomington20.7%
188Clearwater20.7%
189Palatine20.6%
190Blaine20.6%
191Madison20.5%
192Murray20.5%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Palatine ranks 228 of 823, highest first.

RankCityWorkers commuting by public transportation
225Orem2.3%
226Glendale2.3%
227Flagstaff2.3%
228Palatine2.3%
229El Cajon2.3%
230Kalamazoo2.3%
231Danbury2.3%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Palatine ranks 180 of 823, highest first.

RankCityEmployed residents working in manufacturing
177Grand Prairie12.3%
178Westfield12.3%
179Gary12.2%
180Palatine12.2%
181Kent12.2%
182Haverhill12.2%
183Corona12.2%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Palatine ranks 559 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
556Corona21.3%
557Carson City21.3%
558Citrus Heights21.3%
559Palatine21.3%
560Monterey Park21.3%
561South Jordan21.3%
562Herriman21.2%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Palatine ranks 434 of 823, highest first.

RankCityMedian gross rent per month
431Reno$1,556
432Skokie$1,552
433Farmington Hills$1,551
434Palatine$1,549
435Paterson$1,548
436St. George$1,545
437Layton$1,538
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Palatine ranks 473 of 823, highest first.

RankCityMedian value of owner-occupied homes
470Pearland$356,300
471St. Cloud$356,200
472Ogden$355,600
473Palatine$355,600
474Burnsville$355,200
475Warwick$354,600
476Sunrise$354,500
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Palatine ranks 592 of 820, highest first.

RankCityMedian home value as a multiple of median household income
589High Point3.7x
590Jacksonville3.6x
591Leander3.6x
592Palatine3.6x
593Eden Prairie3.6x
594San Antonio3.6x
595Bossier City3.6x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Palatine ranks 195 of 823, highest first.

RankCityOccupied homes lived in by their owners
192Cranston67.6%
193Vacaville67.5%
194Weymouth Town67.4%
195Palatine67.4%
196Laguna Niguel67.4%
197Janesville67.3%
198Hesperia67.2%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Palatine ranks 140 of 823, highest first.

RankCityHouseholds with a broadband subscription
137South Fulton95.7%
138Wheaton95.7%
139Framingham95.6%
140Palatine95.6%
141Surprise95.6%
142Carrollton95.6%
143South San Francisco95.6%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Palatine ranks 625 of 823, highest first.

RankCityHouseholds with no internet access
622Burleson3.1%
623Torrance3.1%
624Auburn3.1%
625Palatine3.0%
626Palm Beach Gardens3.0%
627Plainfield3.0%
628Hoffman Estates3.0%
Source: U.S. Census Bureau · saved copy

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Sources

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