Last updated: 2024 BLS data · Page refreshed:
Palatine has a population of 66,293 with a median age of 40.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 66,293 |
| Median Age | 40.7 |
| White | 63.1% |
| Black or African American | 4.6% |
| Asian | 12.7% |
| Hispanic or Latino | 19.2% |
The median household income in Palatine is $97,819, which is 21.3% above the national median of $80,610. The per capita income is $51,147. The poverty rate is 8.2%.
The unemployment rate in Palatine is 4.3%, compared to the national rate of 4.1%.
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In Palatine, 91.8% of residents age 25+ have a high school diploma or higher, and 51.1% hold a bachelor's degree or higher (18.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.8% |
| Bachelor's Degree or Higher | 51.1% |
| Graduate or Professional Degree | 18.8% |
The median home value in Palatine is $355,600, above the national median of $303,400. The median monthly rent is $1,549. The homeownership rate is 67.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $355,600 |
| Median Monthly Rent | $1,549 |
| Homeownership Rate | 67.4% |
| Vacancy Rate | 4.1% |
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