Palatine, Illinois is a medium-sized city with a population of 69,098 people. Palatine has a population density of 5,074 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 71% of Palatine residents are White, 12% Asian and 3% Black. 80% of the people in Palatine (over the age of 15) are married and 54% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Are you trying to figure out if living in Palatine is the right fit for your lifestyle? To ensure a positive experience before relocating to any new city in Illinois, you will probably want to make sure that you check all of the most important boxes. Finding the best places to live in Palatine and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, employment, housing and other important metrics.
Palatine, IL receives 75/100 for its livability score; this results in a ranking of #89 in Illinois and #4,972 in the USA. Based on this score, Palatine would be considered a very livable city! If we consider each of the categories on their own, we see that Palatine ranks well for amenities (A+), crime (A+) and employment (C+). There are some categories that Palatine does not rank well for, including: cost of living (F) and weather (D). It might be worth taking a closer look to figure out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Palatine, there is no shortage of amazing local amenities and interesting things to do.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Palatine has a violent crime rate of 60 crimes per 100,000 residents which is far lower than the national average.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Palatine is real estate affordability. Median real estate prices in Palatine come in at $265,800, which is 52.1% higher than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Palatine, the home price to income ratio is 3.5, which is 16.7% higher than the Illinois average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Palatine will offer some insight into determining if your home purchase will be a solid investment for years to come. In Palatine, the year-over-year appreciation rates were 1.2%, and the 5 year appreciation rates came in at 5.8%.
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