Grandwood Park, IL

Illinois · Metropolitan Area

Grandwood Park is a small city in Illinois with a population of 5,311. Residents earn $124,847 per year, which is 66% above the national average.

5.0 /5.0
A+ Excellent
5,311 Population 3,663/sq mi density
$124,847 Median Income $65,335 per capita
$313,000 Home Value
$1,797 Median Rent
48°F Avg Temperature
A+
Overall
5.0 / 5.0
Excellent overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$124,847 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$313,000 home value, $1,797/mo rent
A+
Education
5.0 / 5.0
59.1% bachelor's degree or higher
Median Income $124,847
66% higher than US avg
Home Value $313,000
11% higher than US avg
Bachelor's+ 59.1%
75% higher than US avg
Median Rent $1,797
55% higher than US avg
Obesity Rate 29.5%
8% lower than US avg
Unemployment 1.4%
61% lower than US avg
Poverty Rate 1.4%
89% lower than US avg

How Grandwood Park Compares to the U.S. Average (100% = U.S. avg)

People

Population5,311
Median Age42.2 yrs
Density3,663/mi²
Male / Female53% / 47%
Largest GroupWhite 69%

Economy

A+
Median Income$124,847
Per Capita$65,335
Unemployment1.4%
Poverty1.4%
County GDP$10,428M
Commute27 min

Housing

A+
Home Value$313,000
Rent$1,797
OwnershipN/A

Crime

ViolentN/A
PropertyN/A

Health

Obesity29.5%
UninsuredN/A
Depression18.1%
Heart Disease3.9%

Climate

Avg Temp48°F
AQI43 (Good)
Elevation748 ft

Education

A+
Bachelor's+59.1%
High School+96.5%
School Score5.34

Community

2024 VoteR 52% / D 46%
Commute27 min
Libraries7

Is Grandwood Park a Good Place to Live?

Based on current data, Grandwood Park receives an overall livability score of 5.0 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, a low poverty rate. Grandwood Park stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Grandwood Park is $124,847, which is significantly higher than the national average — 66% above $75,149. This places Grandwood Park among higher-income communities. The job market is very strong with unemployment at just 1.4%. Only 1.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 27 minutes.

Cost of Living & Housing

The median home value in Grandwood Park is $313,000, 11% above the national median. Renters pay a median of $1,797 per month, significantly above the national average of $1,163. At just 2.5x median income, home prices are very affordable relative to local earnings.

Education

Grandwood Park is a highly educated community — 59.1% of adults hold a bachelor's degree or higher, well above the national average of 33.7%. 96.5% have completed high school. Area schools have an average test score of 5.3/10.

Climate & Weather

Grandwood Park experiences four distinct seasons with an average temperature of 48°F. Winters average 23°F in January while summers reach 72°F in July. Air quality is rated Good with a median AQI of 43.

Grandwood Park has a population of 5,311 with a density of 3,663 people per square mile. The median age is 42.2 years, 8% older than the national median of 38.9. The city is predominantly White (68.5%), with 6.7% Black.

Population

5,311
Total Population
3,663
People / sq mi
42.2yrs
Median Age
8% above US avg
1.5mi²
Land Area

Gender Distribution

Male 52.7%
Female 47.3%

Race & Ethnicity

Grandwood Park vs U.S. Average

Language Spoken at Home

English Only80.8%
3% above US avg
Spanish19.2%
43% above US avg

Social Characteristics

Grandwood Park vs U.S. Average

The median household income in Grandwood Park is $124,847, which is 66% above the national average of $75,149. The unemployment rate is 1.4% (below the 3.6% US average). 1.4% of residents live below the poverty line. Workers commute an average of 27 minutes.

Income: Grandwood Park vs U.S.

Commute Mode

Income

Median HH Income$124,847
66% above US avg
Per Capita Income$65,335
Avg Weekly Wage$1,123
IRS Avg AGI$74,990

Employment & Poverty

Unemployment1.4%
61% below US avg
Poverty Rate1.4%
89% below US avg
Establishments (County)4,341
County GDP$10,428M

Business (County)

Restaurants399
Healthcare437
Retail486
Manufacturing180

Tax & Cost of Living

Property Tax (IRS)$6,451
84% above US avg
Effective Tax Rate2.06%

Commute & Transportation

Commute Time27.2 min
Work from Home18.8%

Walkability

The median home value in Grandwood Park is $313,000, 11% above the national average. Monthly rent averages $1,797 (55% above US avg).

Home Value Sources

Ownership Split

Home Values

Census Median$313,000
11% above US avg
Median List Price$587,500

Real Estate Market (Redfin)

Median List Price$587,500
$/Sq Ft$217
Homes Sold3
Sale-to-List Ratio99.7%
Price Drops0.0%
Inventory11

Rental Costs

Census Median Rent$1,797
55% above US avg

HUD Fair Market Rent

Studio$774
1 Bedroom$854
2 Bedrooms$1,063
3 Bedrooms$1,370
4 Bedrooms$1,561

Ownership & Property

Owner-Occupied86.8%

Property Tax

Avg Tax (IRS)$6,451
84% above US avg
Effective Rate2.06%
In Grandwood Park, 29.5% of adults are obese (below the 32.1% national rate). 18.1% report depression. 15.0% are physically inactive.

Health Metrics: Grandwood Park vs U.S. Average (%)

Chronic Conditions

Obesity29.5%
8% below US avg
Diabetes8.0%
Heart Disease3.9%
High Blood Pressure26.8%
Asthma8.9%
COPD3.6%
Stroke2.0%

Behaviors & Mental Health

Binge Drinking17.6%
Physical Inactivity15.0%
Depression18.1%
Mental Distress13.5%
Physical Distress8.6%

Healthcare Access

Insurance Rate97.8%
Checkup Rate76.1%
Premature Death7,666/100K

Food & Exercise

Food Environment8.1/10
Exercise Access95.1%
Healthcare Facilities437

Crime Rates: Grandwood Park vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)19

Safety Score

Grandwood Park has an average annual temperature of 48°F (9°C). Winters average 23°F in January while summers reach 72°F in July. Air quality is rated Good with a median AQI of 43.

Temperature

23°F Jan (-5°C) 72°F Jul (22°C)
Annual Average48.4°F
10% below US avg
January Average23°F (-5°C)
July Average72°F (22°C)

Precipitation & Snow

Air Quality

AQI Median43.0
RatingGood

Geography

Elevation748 ft (228 m)
Area1.5 sq mi (3.8 km²)
Population Density3,663/sq mi
Coordinates42.3921°N, 87.9892°W
County FIPS55059
It is classified as Metro — under 250K. 59.1% of residents hold a bachelor's degree or higher (75% above US avg). In the 2024 election, the county voted Republican by a 6.3-point margin.

2024 Presidential Election (County)

R 52.5%
D 46.2%

Winner: Republican by 6.3 points

Education

Bachelor's Degree+59.1%
75% above US avg
High School+96.5%
School Test Score5.34
A+ Education Grade (5.0/5.0)

Urban-Rural Classification

RUCC Code 3Metro — under 250K
Population Density3,663/sq mi
Total Area1.5 sq mi

Infrastructure & Services

Public Libraries7
Healthcare Facilities437
Restaurants399
Retail Stores486

Safety & Disasters

Fatal Crashes (County/yr)19

Commute & Transportation

Avg Commute27.2 min
Work from Home18.8%

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