NEIGHBORHOOD
Palmer Square
Illinois · Chicago · 8,860 residents · 0.392 sq mi
The short version
Palmer Square is wealthier than most US places, with a median household income of $106,515. Population has held roughly steady since 2024. 65% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $682,527. At a median age of 32.5, residents skew younger than the country as a whole. Households here earn about 37% more than the Chicago median. These figures are approximated by combining the 3 census tracts that make up Palmer Square; the Census Bureau does not tabulate data for neighborhoods directly.
At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 32.5
US median: 38.9
More educated
65% hold a bachelor's degree
US average: 36%
Renter-heavy
33% owner-occupied
US average: 65%
Section 01
Population & growth
Total population
8,860
Population density
22,602 / sq mi
US average: 281
Median age
32.5
US average: 38.9
Section 02
Income & economy
Median household income
$106,515
US average: $82,259
Per capita income
$74,527
US average: $44,673
Households earning $100K+
63.4%
US average: 53.3%
Poverty rate
14.6%
US average: 12.5%
Income inequality (Gini)
0.483
US average: 0.476
Workforce by industry, 2024
Other services11.6%
Public administration9.6%
Retail trade9.1%
Information4.3%
Wholesale trade4.3%
Finance & insurance3.4%
Professional, scientific, technical3.4%
Arts, entertainment, food2.3%
Transportation & warehousing1.5%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$682,527
US average: $376,019
Median gross rent
$1,868
US average: $1,442
Owner-occupied
33.5%
66.5% rent
Vacancy rate
8.9%
US average: 10.0%
Owner cost-burdened
20.5%
US average: 22.9%
Renter cost-burdened
39.5%
US average: 47.4%
Afford Score
6.4
RELATED:See current rent listings in Palmer Square on RentDataNow
Section 04
Race & ethnicity
2024
White, non-Hispanic48.5%(4,294)
Black10%(885)
Hispanic / Latino27.8%(2,461)
Asian6.9%(608)
Other6.9%(612)
Diversity Score83.6%(7,404)
2024
White, non-Hispanic48.5%(4,294)
Black10%(885)
Hispanic / Latino27.8%(2,461)
Asian6.9%(608)
Other6.9%(612)
Diversity Score83.6%(7,404)
Diversity Score
84
Section 05
Education
Bachelor's degree or higher
65.0%
US average: 35.6%
High school or higher
92.2%
US average: 89.6%
Graduate degree
28.3%
US average: 14.0%
Section 06
Commute & transportation
Average commute
35.8 min
US average: 26.5
Drive alone to work
31.2%
US average: 68.9%
Carpooled to work
5.0%
US average: 8.5%
Public transit
22.0%
US average: 3.2%
Worked from home
36.9%
US average: 15.0%
Walked to work
1.8%
US average: 2.4%
Biked to work
2.1%
US average: 0.4%
No vehicle available
27.1%
US average: 8.3%
Section 07
Work & employment
Unemployment rate
3.6%
US average: 5.2%
Labor force participation
79.1%
US average: 63.5%
Self-employed
16.7%
US average: 13.1%
Management & professional
71.3%
US average: 42.5%
Section 08
People & community
Male
48.6%
Female
51.4%
Foreign born
13.3%
US average: 14.1%
Veterans
3.2%
US average: 6.2%
With a disability
6.4%
US average: 13.3%
Uninsured
5.3%
US average: 8.4%
Broadband at home
94.5%
US average: 91.0%
English only at home
73.1%
US average: 77.7%
Spanish at home
20.9%
US average: 13.6%
Explore
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Drill deeper
Places similar to Palmer Square
Temescal
Pop 8,795
Mission Valley East
Pop 9,046
La Sierra Hills
Pop 9,084
Verdemont
Pop 8,833
Places similar to Palmer SquareHead to head
Compare Palmer Square side by side
PALMER SQUARE VS
Temescal
Income$106,086same
Home value$1,207,589+77%
Population8,795−1%
SEE FULL COMPARISON →
PALMER SQUARE VS
Mission Valley East
Income$105,158−1%
Home value$534,617−22%
Population9,046+2%
SEE FULL COMPARISON →
PALMER SQUARE VS
La Sierra Hills
Income$107,741+1%
Home value$603,030−12%
Population9,084+3%
SEE FULL COMPARISON →
PALMER SQUARE VS
Verdemont
Income$102,728−4%
Home value$549,803−19%
Population8,833same
SEE FULL COMPARISON →
Frequently asked
How many people live in Palmer Square, Chicago, Illinois?
Palmer Square, Chicago, Illinois has about 8,860 residents according to the 2024 American Community Survey.
What is the median household income in Palmer Square, Chicago, Illinois?
The typical household in Palmer Square, Chicago, Illinois earns about $106,515 a year. Half of households make more than that, and half make less.
Is Palmer Square, Chicago, Illinois expensive?
In Palmer Square, Chicago, Illinois, the median home is worth about $682,527, and the typical rent is about $1,868 a month.
How educated are people in Palmer Square, Chicago, Illinois?
About 65.0% of adults age 25 and over in Palmer Square, Chicago, Illinois hold a bachelor's degree or higher.
What is the poverty rate in Palmer Square, Chicago, Illinois?
About 14.6% of people in Palmer Square, Chicago, Illinois live below the federal poverty line.
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ChicagoDATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024