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The total population of Loves Park is estimated to be 22,935 with 10,857 males (47.34%) and 12,078 females (52.66%). There are 1,221 more females than males in Loves Park.
The median household income in Loves Park was $62,578 in 2021, which marked an a decrease of 2,120(3.28%) from $64,698 in 2020. This income is 83.88% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Loves Park sees its highest median household income among householders in the age group of 45 to 64 years old, at $82,393. Overall, the median household income for the city of Loves Park stands at $62,578.
In Loves Park, the median income for all workers aged 15 years and older, regardless of work hours, was $45,346 for males and $26,819 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,297 for males and $44,541 for females.
In Loves Park, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $132,201, while Black or African American households represent the opposite end with the lowest median household income of $28,504.
In 2022, the population of Loves Park was 23,365, a 0.01% increase year-by-year from 2021. Previously, in 2021, Loves Park's population was 23,362, a decline of 0.16% compared to a population of 23,400 in 2020.
The median age in Loves Park, IL is 39.0, as per 2021 ACS 5-Year Estimates. Of the total population, 17.04% were under the age of 15, 20.16% aged 15 to 29, 44.04% aged 30 to 64, 16.85% aged 65 to 84, and 1.92% were 85 years of age and older.
Racial distribution of Loves Park population: 80.92% are White, 6.18% are Black or African American, 3.96% are Asian, 2.13% are some other race and 6.81% are multiracial.