Tuesday, October 23, 2012

My Old Hometown, Palatine, Illinois-- Part 4

Now, Palatine has joined its eastern towns and is considered a mature Chicago suburb.  Village leaders are looking to redevelop and update businesses to keep that aspect viable.

Palatine has come a long way since 1873, when Everett Chamberlain described the town as a " village with three churches and a handsome grade school worth $11,000...streets [that are] excellently finished...tracts selling from $75 to $300 an acre."

FACTS:

66,820 inhabitants

2%-- population growth since 2000

79.5%--  have lived there 5+ years

33--  median age of owner/renter

69.6%--  own their homes

30.4%--  rent

$93,745--  estimated family income  ($74,622 for Illinois)

Reported ethnicity:  2.1% black, 7.4% Asian, 14% Hispanic,83.3% white

That Old Hometown of Mine.  --DaCoot

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