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 and multiracial populations.

Population by Race

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%

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