Grandwood Park

County:: Lake County
County Seat:: No
Area (mi²):: 1.445
State:: Illinois

Grandwood Park is a CDP located in Lake County, Illinois. Grandwood Park has a 2025 population of 5,438. Grandwood Park is currently growing at a rate of 0.3% annually and its population has increased by 6.34% since the most recent census, which recorded a population of 5,114 in 2020.

The average household income in Grandwood Park is $172,321 with a poverty rate of 2.13%. The median age in Grandwood Park is 42.2 years: 42.1 years for males, and 42.3 years for females.

Demographics

The racial composition of Grandwood Park includes 68.48% White, 13.39% Asian, 6.74% Black or African American, 4.88% other race, and smaller percentages for Native American, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Asian

Black or African American

Two or more races

Other race

Native American

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	3,637	68.48%
Asian	711	13.39%
Black or African American	358	6.74%
Two or more races	346	6.51%
Other race	259	4.88%
Native American	0	0%
Native Hawaiian or Pacific Islander	0	0%

Grandwood Park Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Grandwood Park's average per capita income is $84,299. Household income levels show a median of $124,847. The poverty rate stands at 2.13%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$180,938	-
Families	$151,981	$201,091
Households	$124,847	$172,321
Non Families	$53,659	$103,903

$84,299

Average Income

$124,847

Median Household Income

2.13%

Poverty Rate