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Oak Park village, Illinois Demographics & Population 2026

As of 2026, Oak Park village, Illinois has a total population of 53,315, the 27th largest city in Illinois, with a median household income of $108,026, which is 32% higher than the state average. The poverty rate is 6.7%.

Key Takeaways

Oak Park village Quick Facts

Population 53,315
Median Household Income $108,026
Median Home Value $456,300
Poverty Rate 6.7%
Unemployment Rate 5.5%
Median Age 40.6 years
Homeownership Rate 60.7%
Affordability Ratio 4.2x
Bachelor's Degree or Higher 72.5%
High School Graduation Rate 97.3%
Diversity Index 57/100
Population 53,315 27th of 1,445
Median Income $108,026 top 20%
Poverty Rate 6.7% 46% lower national
Median Home Value $456,300 top 10%

How Oak Park village Compares

Economy & Housing

Employment

5.5% Unemployment Rate State: 5.8% | National: 5.2%
70.2% Labor Force Participation

Housing Overview

Owner 60.7%
Renter 39.3%
Affordability Index Moderate
4.2x home value to income ratio

People & Demographics

Diversity Index

57out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 60 | National average: 60

Education

Oak Park village Rankings in Illinois

#27 Population of 1,445
#167 Median Income of 1,445
#28 Education of 1,445
#52 Home Value of 1,445

Cities Similar to Oak Park village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Hoffman Estates village51,186$109,683$340,40046.9%5.3%
Tinley Park village55,007$103,819$289,00038.4%5.2%
Wheaton city53,453$119,566$447,70064.1%5.9%
Mount Prospect village55,648$103,911$377,00048.6%5.9%
Downers Grove village49,867$119,649$439,00058.8%4.9%

Population Overview

Oak Park village is a mid-sized community located in Illinois. The total population is 53,315. It ranks as the 27th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Oak Park village is 40.6 years. This is 4% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Oak Park village is $108,026. This is 32% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 38% higher. The poverty rate stands at 6.7%. This is 42% lower than the state poverty rate of 11.7%. The unemployment rate is 5.5%. This is 5% lower than the state rate of 5.8%. The median home value is $456,300. Housing costs are 82% higher than the state median of $250,500. The home-value-to-income ratio is 4.2x. 60.7% of occupied housing units are owner-occupied. This homeownership rate is 9% lower than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Oak Park village is White (non-Hispanic), making up 61.1% of the population. Black or African American residents account for 19.3%. The Hispanic or Latino population (8.5%) is well below the state average of 18.5%.

Education

72.5% of residents aged 25 and older hold a bachelor's degree or higher. This places Oak Park village in the top 10% of all cities in the state for educational attainment. This is 95% 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 97.3%. Notably, 38.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Oak Park village, 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.

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Frequently Asked Questions

What is the population of Oak Park village, Illinois?

Oak Park village, Illinois has a population of 53,315 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Oak Park village, IL?

The median household income in Oak Park village is $108,026, which is 38% higher the national median of $78,538.

What is the poverty rate in Oak Park village, IL?

The poverty rate in Oak Park village is 6.7%. This means approximately 3,570 residents live below the federal poverty line.

What is the racial makeup of Oak Park village, Illinois?

Oak Park village's population is 61.1% White, 19.3% Black, 8.5% Hispanic/Latino, and 5.3% Asian.

What is the median home value in Oak Park village, IL?

The median home value in Oak Park village is $456,300. The home-value-to-income ratio is 4.2x.

How educated is Oak Park village, Illinois?

72.5% of adults (25+) in Oak Park village hold a bachelor's degree or higher, and 38.6% hold a graduate or professional degree.