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Loves Park, Illinois

city · Winnebago County (primary) , Boone County

At a glance

23,502
Population
$160,400
Median home value (all homes)
47% below U.S. median
$203,853
Typical market value
Zillow, 2026-07
$1,120/mo
Median rent
17% below U.S. median
$61,868
Median household income
21% below U.S. median
21.5 min
Average commute
88.6%
Homes with broadband
64.46%
Locations with fiber available
6.3%
Unemployment

Cost of living (Clay Affordability Index)

CAI 89 — 11% below the national average. how it's computed

Housing29% below
Goods & services3% below
Utilities12% below
Taxes9% above
Insurance18% below
Commute cost23% below
For business: Illinois is CBII band 3/5 · time to build band 2/5. See state page for the breakdown.

Living here

Nearest 4-year college2 mi
Nearest community college2 mi
Nearest technical college2 mi
High school graduates92.8%
College graduates25.7%

Doing business here

Economic development contacts, most local first:

city Growth Dimensions of Belvidere & Boone County
Growth Dimensions Economic Development provides a progressive and cooperative environment which improves the quality of life by fostering economic opportunity and personal growth, working with partners throughout Belvidere and Boone County to create jobs and stimulate capital investment through retention and attraction of businesses. It also supports workforce development, entrepreneurship, and marketing to promote the Boone County region as a destination for investment and growth.
city Loves Park
The City of Loves Park's Economic Development department works to bolster retail sales and grow jobs by offering incentives, including Tax Increment Finance (TIF) districts and Enterprise Zone incentives, for projects in Loves Park.
county Winnebago County Economic Development
Official Winnebago County government page that includes an Economic Development department and information about county governance, committees, and administration for residents and businesses in Winnebago County, Illinois.
state Ameren Economic Development Services
Ameren provides energy services in Illinois and Missouri, including energy efficiency programs, electric vehicles, renewables, and economic development resources for businesses.
state Illinois Department of Commerce & Economic Opportunity
The Illinois Department of Commerce and Economic Opportunity (DCEO) is the state's commerce department focused on creating equitable economic opportunities by attracting and supporting job creators, investing in communities, strengthening Illinois’ workforce, fostering innovation, and advancing the clean energy economy.
state Illinois Valley Area Chamber of Commerce & Eco Dev
Illinois Valley Area Chamber of Commerce & Economic Development is a regional economic development organization with a focus on business retention and expansion for both small businesses and large industrial corporations.
state NW Illinois Economic Development
NW Illinois Economic Development (NWILED) promotes economic development by fostering business growth and assisting expanding and relocating businesses, providing access to resources to start and grow their businesses, and coordinating with government and business partners.
state Northwest Illinois Development Alliance
NW Illinois Economic Development (NWILED) promotes economic development by fostering business growth and assisting expanding and relocating businesses in cooperation with government and business partners. It supports entrepreneurs by providing access to resources to start and grow their businesses and aims to create a welcoming business environment by matching the skills of the available workforce with business needs.
state Quad Cities First
Community development organization focused on local business growth; the Quad Cities Chamber helps members connect, collaborate and grow, advocates for business at city halls, in state legislatures and in Washington, D.C., and supports small and minority business development.
state Research Park at University of Illinois
Research Park is a leading technology hub on the University of Illinois campus that cultivates startups and accelerates corporate innovation. It hosts 120+ companies and over 2,000 affiliated employees, with EnterpriseWorks serving as the incubator for early-stage tech firms.
state Southwestern Illinois Development Authority
The Southwestern Illinois Development Authority (SWIDA) is a quasi-governmental, municipal corporation created by the Illinois General Assembly in 1987 to promote and enhance community and economic development in Bond, Clinton, Madison and St. Clair counties. It operates without tax dollars and uses bonds and other financing tools, real estate development services and technical development assistance.
State sales taxYes
State income taxYes
Right-to-work stateNo

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