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Grandwood Park, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
5,262
Population
$126,736
Median Income
$330,500
Home Value
42.2
Median Age

Demographics

Grandwood Park has a population of 5,262 with a median age of 42.2. Here is the racial and ethnic breakdown of the population:

White
66.8%
Asian
14.7%
Hispanic
12.5%
Black
6.1%
Demographic Value
Total Population5,262
Median Age42.2
White66.8%
Black or African American6.1%
Asian14.7%
Hispanic or Latino12.5%
Grandwood Park, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 66.7%Asian: 14.7%Hispanic/Latino: 12.5%Black: 6.1%5,262PopulationWhiteWhite66.7%AsianAsian14.7%Hispanic/LatinoHispanic/Latino12.5%BlackBlack6.1%

Income & Economy

The median household income in Grandwood Park is $126,736, which is 57.2% above the national median of $80,610. The per capita income is $66,248. The poverty rate is 2.8%.

$126,736
Median Household Income
$66,248
Per Capita Income
2.8%
Poverty Rate

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Education

In Grandwood Park, 96.8% of residents age 25+ have a high school diploma or higher, and 59.2% hold a bachelor's degree or higher (21.3% with a graduate or professional degree).

HS Diploma+
96.8%
Bachelor's+
59.2%
Graduate+
21.3%
Education Level % of Adults (25+)
High School Diploma or Higher96.8%
Bachelor's Degree or Higher59.2%
Graduate or Professional Degree21.3%

Housing

The median home value in Grandwood Park is $330,500, above the national median of $303,400. The median monthly rent is $1,836. The homeownership rate is 87.4%.

$330,500
Median Home Value
$1,836/mo
Median Rent
87.4%
Homeownership Rate
Housing Metric Value
Median Home Value$330,500
Median Monthly Rent$1,836
Homeownership Rate87.4%
Vacancy Rate5.3%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Grandwood Park, Illinois?
The population of Grandwood Park, Illinois is 5,262 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Grandwood Park, Illinois?
The median household income in Grandwood Park, Illinois is $126,736. This is 57.2% above the national median of $80,610.
What is the median home value in Grandwood Park, Illinois?
The median home value in Grandwood Park, Illinois is $330,500. The median monthly rent is $1,836.
What percentage of people in Grandwood Park have a college degree?
In Grandwood Park, Illinois, 59.2% of adults age 25 and older hold a bachelor's degree or higher, and 96.8% have a high school diploma or higher.
Is Grandwood Park, Illinois an affordable place to live?
The home price-to-income ratio in Grandwood Park, Illinois is 2.6x (median home value $330,500 vs. median income $126,736), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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