All Countries
Palatine, IL
Full City Profile · Illinois · McHenry County County
3.8
/5.0
B+
Good
66,548
Population
4,713/sq mi density
$95,950
Median Income
$49,950 per capita
$347,900
Home Value
$364,894 Zillow
$1,467
Median Rent
30.1% income on rent
48°F
Avg Temperature
246 sunny days/yr
62
Violent Crime/100K
453 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$95,950 median income, 3.2% unemployment
A+
Affordability
4.6 / 5.0
$347,900 home value, $1,467/mo rent
F
Safety
1.0 / 5.0
62 violent crimes/100K
A+
Education
5.0 / 5.0
49.8% bachelor's degree or higher
Income Overview
Median Household Income
$95,950
28% above
US avg: $75,149
Per Capita Income
$49,950
28% above
US avg: $39,052
Unemployment Rate
3.2%
11% below
US avg: 3.6%
Poverty Rate
7.6%
39% below
US avg: 12.4%
Income Comparison: Palatine vs. U.S. Average
Each bar shows Palatine’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$95,950
128%
Per Capita
US: $39,052
$49,950
128%
IRS Avg AGI
US: $72,000
$93,804
130%
Avg Weekly Wage
US: $1,432
$1,060
74%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,060
26% below US avg ($1,432)
Mean Commute Time
28 min
1% above US avg (28 min)
Work From Home
18.0%
18% above US avg (15.2%)
Drive Alone
70.7%
3% below US avg (73.2%)
Public Transit
2.3%
54% below US avg (5.0%)
County GDP
$15,983M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
70.7%
Public Transit
2.3%
Work From Home
18%
Other
9%
Average commute time
28 minutes
US avg: 28 min
Business Landscape
Total Establishments
7,928
Restaurants
645
Healthcare
846
Retail
816
Manufacturing
432
Tax & Financial
IRS Avg Adjusted Gross Income
$93,804
30% above US avg ($72,000)
Avg Property Tax
$8,712
149% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $95,950 |
| Per Capita Income | $49,950 |
| IRS Avg Adjusted Gross Income | $93,804 |
| Avg Weekly Wage | $1,060 |
| County GDP | $15,983M |
Hardship Indicators
| Unemployment Rate | 3.2% |
| Poverty Rate | 7.6% |
| Gini Coefficient | 0.411 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 28 minutes |
| Drive Alone | 70.7% |
| Public Transit | 2.3% |
| Work From Home | 18.0% |
Businesses
| Total Establishments | 7,928 |
| Restaurants | 645 |
| Healthcare | 846 |
| Retail | 816 |
| Manufacturing | 432 |
Tax
| IRS Avg AGI | $93,804 |
| Avg Property Tax | $8,712 |