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The total population of Palatine is estimated to be 67,223 with 32,763 males (48.74%) and 34,460 females (51.26%). There are 1,697 more females than males in Palatine.
The median household income in Palatine was $93,407 in 2021, which marked an a decrease of 1,205(1.27%) from $94,612 in 2020. This income is 125.20% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
In Palatine, the median income for all workers aged 15 years and older, regardless of work hours, was $60,814 for males and $37,544 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $81,193 for males and $62,732 for females.
In Palatine, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $163,968, while Two or More Races households represent the opposite end with the lowest median household income of $63,056.
In 2022, the population of Palatine was 65,485, a 1.53% decrease year-by-year from 2021. Previously, in 2021, Palatine's population was 66,505, a decline of 1.76% compared to a population of 67,696 in 2020.
The median age in Palatine, IL is 38.2, as per 2021 ACS 5-Year Estimates. Of the total population, 20.11% were under the age of 15, 17.13% aged 15 to 29, 48.62% aged 30 to 64, 12.81% aged 65 to 84, and 1.33% were 85 years of age and older.
Racial distribution of Palatine population: 66.64% are White, 4.28% are Black or African American, 0.40% are American Indian and Alaska Native, 12.13% are Asian, 0.15% are Native Hawaiian and other Pacific Islander, 12.36% are some other race and 4.04% are multiracial.