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Park City, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.0x is exceptionally low

During the 2020–2024 ACS period, Park City, Illinois had a total population of 7,827, the 272nd largest city in Illinois, with a median household income of $60,171, which is 28% lower than the state average. The poverty rate is 9.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Park City Quick Facts

Population 7,827
Median Household Income $60,171
Median Home Value $57,400
Poverty Rate 9.6%
Unemployment Rate 7.1%
Median Age 34.5 years
Homeownership Rate 62.9%
Affordability Ratio 1.0x
Bachelor's Degree or Higher 18.0%
High School Graduation Rate 66.6%
Diversity Index 42/100
Population 7,827 272nd of 1,445
Median Income $60,171 below average
Poverty Rate 9.6% 23% lower than national
Median Home Value $57,400 bottom 10%

How Park City Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population7,6317,827+2.6%
Median household income$62,875$60,171-4.3%

How Park City Compares

Economy & Housing

Household Income Distribution

Under $25K 20.3%
$25K-$50K 19.9%
$50K-$100K 38.2%
$100K+ 21.6%
Detailed income brackets
Under $10K
5.3%
$10K-$15K
0.4%
$15K-$20K
9.3%
$20K-$25K
5.4%
$25K-$30K
4.5%
$30K-$35K
0.0%
$35K-$40K
3.6%
$40K-$45K
6.3%
$45K-$50K
5.4%
$50K-$60K
9.5%
$60K-$75K
11.7%
$75K-$100K
16.9%
$100K-$125K
10.9%
$125K-$150K
3.8%
$150K-$200K
0.3%
$200K+
6.7%

Employment

7.1% Unemployment Rate State: 5.8%|National: 5.2%
69.1% Labor Force Participation

Housing Overview

Owner 62.9%
Renter 37.1%
Affordability Index Very Affordable
1.0x home value to income ratio
Median gross rent $1,110/mo 22.1% of median household income annually

People & Demographics

Diversity Index

42out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 61 | National average: 61

Education

Park City Rankings in Illinois

#272 Population of 1,445
#917 Median Income of 1,374
#718 Education of 1,444
#1298 Home Value of 1,372

Other Cities in Lake County

CityPopulationMedian IncomePovertyHome Value
Waukegan 89,076 $71,919 15.3% $190,900
Mundelein 31,915 $108,340 8.2% $309,700
North Chicago 30,643 $60,172 24.5% $159,600
Gurnee 30,510 $119,628 5.2% $344,300
Highland Park 30,398 $168,094 4.2% $607,300
Round Lake Beach 27,079 $86,059 14.8% $199,200
Vernon Hills 26,876 $121,943 6.1% $412,300
Zion 24,600 $63,104 16.0% $183,800
Grayslake 20,929 $113,972 6.3% $309,500
Libertyville 20,525 $165,667 4.2% $512,000

Cities Similar to Park City

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Princeton7,975$61,946$134,70026.3%12.7%
Silvis7,955$62,375$161,60016.3%15.4%
Broadview7,896$64,697$252,20017.8%9.4%
Round Lake Park7,919$55,813$164,90016.5%8.7%
Salem7,236$59,728$106,10015.6%16.3%

Population Overview

Park City is a small city located in Illinois, within Lake County. The total population is 7,827. It ranks as the 272nd most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Park City is 34.5 years. This is 12% lower than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Park City is $60,171. This is 28% lower than the state median of $83,390. It is also 25% lower than the national median of $80,734. The poverty rate stands at 9.6%. This is 19% lower than the state poverty rate of 11.8%. The unemployment rate is 7.1%. This is 22% higher than the state rate of 5.8%. The median home value is $57,400. Housing costs are 78% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.0x, Park City is one of the most affordable housing markets in the area. 62.9% of occupied housing units are owner-occupied. This homeownership rate is 6% lower than the state average of 67.1%.

Race & Ethnicity

The largest racial or ethnic group in Park City is Hispanic or Latino, making up 75.1% of the population. White (non-Hispanic) residents account for 10.8%. The White (non-Hispanic) population (10.8%) is well below the state average of 58.1%. The Black or African American population (6.4%) is well below the state average of 13.3%. The Hispanic or Latino population is significantly higher than the state average (75.1% vs 18.8%).

Education

18.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 52% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 66.6%.

Data Sources & Methodology

All demographic data for Park City, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Park City, Illinois?

Park City, Illinois has a population of 7,827 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Park City, IL?

The median household income in Park City is $60,171, which is 25% lower than the national median of $80,734.

What is the poverty rate in Park City, IL?

The poverty rate in Park City is 9.6%. This means approximately 752 residents live below the federal poverty line.

What is the racial makeup of Park City, Illinois?

Park City's population is 10.8% White, 6.4% Black, 75.1% Hispanic/Latino, and 6.3% Asian.

What is the median home value in Park City, IL?

The median home value in Park City is $57,400. The home-value-to-income ratio is 1.0x.

How educated is Park City, Illinois?

18.0% of adults (25+) in Park City hold a bachelor's degree or higher, and 6.5% hold a graduate or professional degree.