Loves Park, Illinois Median Income

Loves Park, Illinois has a population of 23,000, with a median household income of $103,245.

Current median income data for Loves Park.

$103,245

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Population

23,000

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Median Income

$103,245

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Unemployment

4.80%

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Housing Price

$452,110

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Crime Rate

2.20

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Internet Speed

240.00 Mbps

Loves Park is a small local community located in Illinois. The city has a population that is above the average city population in Illinois, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Loves Park is a notable city in Illinois, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Loves Park has a population of 23,000, which is higher than the state average. This indicates a relatively larger urban presence within Illinois.

Income and Economy

The median household income in Loves Park is $103,245, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Loves Park average around $452,110, which is relatively high compared to other cities in Illinois.

Employment and Safety

The unemployment rate in Loves Park is 4.80%, which is lower than the state average, indicating a relatively strong job market. Loves Park has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Illinois, Loves Park shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Loves Park offers a balanced mix of economic conditions, population trends, and housing opportunities within Illinois.

Frequently Asked Questions about Loves Park

What is the population of Loves Park?

The population of Loves Park is approximately 23,000.

Is Loves Park a good place to live?

Loves Park offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Loves Park?

The median household income in Loves Park is around $103,245.

How expensive is housing in Loves Park?

The average housing price in Loves Park is approximately $452,110.