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CITY

Grandwood Park

Illinois · 5,262 residents · 1.445 sq mi
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Notable rankings
#304Lowest poverty rateof 6,8232.8%
The short version

Grandwood Park is significantly wealthier than the US average, with a median household income of $126,736. Population has grown 16% since 2000. 59% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $330,500. Poverty is rare here, at 2.8% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.2
US median: 38.9
More educated
59% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
5,262
+16%since 2000
from 4,521 in 2000
1990 – 2024
Population density
3,642 / sq mi
+16%since 2000
from 3,129 / sq mi in 2000
US average: 281
Median age
42.2
+26%since 2000
from 33.6 in 2000
US average: 38.9
Population, 1990 – 2024
2K3K4K5K6K1990201020202024Grandwood Park
20245K
1990201020202024
Section 02

Income & economy

Median household income
$126,736
−3%inflation adjusted, since 2000
from $71,674 in 2000
US average: $82,259
1990 – 2024
Per capita income
$66,248
+114%since 2000
from $30,912 in 2000
US average: $44,673
Households earning $100K+
71.3%
+8.0 ptssince 2009
from 63.2% in 2009
US average: 53.3%
Poverty rate
2.8%
−0.5 ptssince 2000
from 3.2% in 2000
US average: 12.5%
Income inequality (Gini)
0.444
Unchangedsince 2010
from 0.443 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade17.6%
US avg: 9.9%
Information10.5%
US avg: 10.8%
Other services6.4%
US avg: 6.7%
Public administration5.6%
US avg: 4.8%
Wholesale trade4.7%
US avg: 6.9%
Transportation & warehousing2.4%
US avg: 2.2%
Finance & insurance1.5%
US avg: 5.9%
Professional, scientific, technical1.5%
US avg: 5.1%
Arts, entertainment, food1.2%
US avg: 1.9%
Agriculture, forestry, fishing0.2%
US avg: 1.6%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$330,500
+9%inflation adjusted, since 2000
from $166,800 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,836
Unchangedinflation adjusted, since 2000
from $1,007 in 2000
US average: $1,442
Owner-occupied
87.4%
+1.3 ptssince 2000
from 86.1% in 2000
12.6% rent
Vacancy rate
5.3%
−0.9 ptssince 2009
from 6.1% in 2009
US average: 10.0%
Owner cost-burdened
27.6%
−10.3 ptssince 2009
from 37.9% in 2009
US average: 22.9%
Renter cost-burdened
57.1%
−1.7 ptssince 2009
from 58.8% in 2009
US average: 47.4%
Afford Score
2.6
+12%since 2000
from 2.3 in 2000
1990 – 2024
Gentrification Score
41
RELATED:See current rent listings in Grandwood Park on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic84%(3,799)
Black4.1%(184)
Hispanic / Latino5.6%(252)
Asian4.3%(196)
Other0%
Diversity Score32.3%(1,458)
2024
White, non-Hispanic64.9%(3,417)
Black5%(264)
Hispanic / Latino12.5%(658)
Asian14.5%(763)
Other3%(160)
Diversity Score67.3%(3,540)
Diversity Score
67
+109%since 2000
from 32 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
59.2%
+16.1 ptssince 2000
from 43.1% in 2000
US average: 35.6%
High school or higher
96.8%
+5.0 ptssince 2000
from 91.8% in 2000
US average: 89.6%
Graduate degree
21.3%
+8.3 ptssince 2000
from 13.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.6 min
+9%since 2000
from 23.5 min in 2000
US average: 26.5
Drive alone to work
73.3%
−6.8 ptssince 2009
from 80.1% in 2009
US average: 68.9%
Carpooled to work
3.5%
−5.9 ptssince 2009
from 9.5% in 2009
US average: 8.5%
Public transit
0.0%
−1.4 ptssince 2009
from 1.4% in 2009
US average: 3.2%
Worked from home
21.0%
+18.1 ptssince 2009
from 2.9% in 2009
US average: 15.0%
Walked to work
0.0%
−6.1 ptssince 2009
from 6.1% in 2009
US average: 2.4%
Biked to work
0.3%
+0.3 ptssince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.6%
Unchangedsince 2009
from 0.6% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.0%
−5.1 ptssince 2011
from 7.1% in 2011
US average: 5.2%
Labor force participation
69.5%
−9.3 ptssince 2011
from 78.8% in 2011
US average: 63.5%
Self-employed
13.9%
−0.3 ptssince 2009
from 14.2% in 2009
US average: 13.1%
Management & professional
60.6%
−6.9 ptssince 2009
from 67.5% in 2009
US average: 42.5%
Section 08

People & community

Male
52.0%
−1.6 ptssince 2009
from 53.6% in 2009
Female
48.0%
+1.6 ptssince 2009
from 46.4% in 2009
Foreign born
14.6%
−2.8 ptssince 2009
from 17.4% in 2009
US average: 14.1%
Veterans
3.8%
−47.2 ptssince 2009
from 51.0% in 2009
US average: 6.2%
With a disability
9.0%
+3.7 ptssince 2012
from 5.3% in 2012
US average: 13.3%
Uninsured
2.2%
−89.2 ptssince 2013
from 91.4% in 2013
US average: 8.4%
Broadband at home
97.7%
+4.3 ptssince 2017
from 93.4% in 2017
US average: 91.0%
English only at home
82.6%
+7.8 ptssince 2016
from 74.7% in 2016
US average: 77.7%
Spanish at home
7.6%
+0.1 ptssince 2016
from 7.5% in 2016
US average: 13.6%
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Compare Grandwood Park to nearby cities

GRANDWOOD PARK VS
Lindenhurst
Income$131,474+4%
Home value$294,100−11%
Population14,810+181%
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GRANDWOOD PARK VS
Gages Lake
Income$103,318−18%
Home value$310,500−6%
Population10,819+106%
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GRANDWOOD PARK VS
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Income$119,628−6%
Home value$344,300+4%
Population30,458+479%
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GRANDWOOD PARK VS
Grayslake
Income$113,972−10%
Home value$309,500−6%
Population21,140+302%
SEE FULL COMPARISON →
Frequently asked

How many people live in Grandwood Park, Illinois?

Grandwood Park, Illinois has about 5,262 residents according to the 2024 American Community Survey.

What is the median household income in Grandwood Park, Illinois?

The typical household in Grandwood Park, Illinois earns about $126,736 a year. Half of households make more than that, and half make less.

Is Grandwood Park, Illinois expensive?

In Grandwood Park, Illinois, the median home is worth about $330,500, and the typical rent is about $1,836 a month.

How educated are people in Grandwood Park, Illinois?

About 59.2% of adults age 25 and over in Grandwood Park, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Grandwood Park, Illinois?

About 2.8% of people in Grandwood Park, Illinois live below the federal poverty line.

Has Grandwood Park, Illinois grown since 1990?

Yes, Grandwood Park, Illinois has grown since 1990. The population has added about 2,934 residents, a change of about 126 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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