Overview
The Village of Palatine, Where Quality is a way of Life
Palatine is a growing and prosperous suburb of Chicago located just northwest of O'Hare International Airport. Established in 1866 along the railroad tracks, this community of 68,000 residents has always enjoyed a healthy economy because of the location of critical transportation.
The Village's location is an advantage to attracting quality development, both residential and business. The citizens of Palatine enjoy the finest library, schools and parks in the country. It is through their volunteerism that our civic organizations, churches and local governments have cultivated a prosperous and warm hometown community to live, work and play in. Also significant about Palatine's business community, is an active Chamber of Commerce and the professional staff of the Village.
Both organizations work to attract new quality businesses while retaining the existing ones.
As the first municipality to win the Lincoln Award for Excellence, we invite you to be a part of Palatine's quality of life and to participate in our future prosperity! Rita L. Mullins Mayor P. S. For additional Economic Development information contact David Fieldman, Director of Planning and Economic Development at 847/359-9047.
Demographics & Statistics
POPULATION:
Current estimate 68,000 (with recent annexation)
Potential with unincorporated and undeveloped areas estimated at 75,000.
LAND AREA:
Currently thirteen (13) square miles
Potential fifteen (15) square miles
HOUSEHOLDS:
23,381...(1997 special census)
Owner Occupied 66.4%
Renter Occupied 29.3%
Vacant 4.3%
MEDIAN AGE: (1990) 33.3 Years
MEDIAN HOUSEHOLD INCOME: (1990) $57,376; Cost of Living Index
AVG. SINGLE-FAMILY HOME VALUE: (1990) $161,490
AVG. HOME COST: 2,000 sq. ft. (1999) $340,000
AVERAGE RENT: (1990) $662
RETAIL: approximately 34 shopping centers
OFFICE SPACE: approximately 643,013 sq. ft. 80% occupancy $14-$20 sq. ft.
LIGHT MANUFACTURING: approximately 250 acres zoned
MAJOR EMPLOYERS:
Sellstrom Manufacturing
Square D Corporation
Weber Stephens
United Parcel Service
OCCUPATION:
(Major Categories 1990 Census)
Management 8,266
Technical Sales and Support 9,246
Service Occupations 1,564
Farming, Forestry & Fishing 120
Precision Production Craft & Repair 1,707
Operators, Fabricators and Laborers 1,914
UTILITIES:
Gas: Nicor Gas
Electric: ComEd
Telephone: Ameritech
Cable: AT & T Services Water
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