Grandwood Park CDP, Illinois Demographics & Population 2026

Population Overview

Grandwood Park CDP is a small city located in Illinois. The total population is 5,311. It ranks as the 326th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Grandwood Park CDP is 42.2 years. This is 8% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Grandwood Park CDP is $124,847. This is 53% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 59% higher. The poverty rate stands at 2.1%. This is 82% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.0%. This is 65% lower than the state rate of 5.8%. The median home value is $313,000. Housing costs are 25% higher than the state median of $250,500. With a home-value-to-income ratio of just 2.5x, Grandwood Park CDP is one of the most affordable housing markets in the area. 86.8% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Grandwood Park CDP is White (non-Hispanic), making up 64.0% of the population. Hispanic or Latino residents account for 14.0%. The Black or African American population (5.8%) is well below the state average of 13.6%. The Asian population is significantly higher than the state average (13.2% vs 5.8%).

Education

59.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Grandwood Park CDP in the top 10% of all cities in the state for educational attainment. This is 59% higher than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.5%. Notably, 18.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Grandwood Park CDP, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.