Personal loans in Morton Grove, IL
Morton Grove counts about 24,131 people, and what is genuinely local about borrowing here is limited — Illinois law does the governing. With an estimated 24,131 residents, Morton Grove is the 93rd-largest of 1,294 places in Illinois.
The 2020 count to the 2023 estimate shows about 4.6% decline in Morton Grove. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Morton Grove's 24,131 residents. Compare APR, not the interest rate, because the APR folds in most fees on a Morton Grove loan. The closest larger city is Niles, IL about 1 miles away.
The Morton Grove data picture
Only a few things actually differ by place — population, area, location, and the Illinois rules a lender must follow — and they are below.
- Population: 24,131 people, a figure that places Morton Grove 93rd among the 1,294 Census places in Illinois (US Census Bureau, Vintage 2023).
- Population trend: A drop of about 4.6% from 2020 to 2023.
- Absolute change: 1,168 residents lost between 2020 and 2023.
- Size percentile: about 93% of Illinois communities are smaller than Morton Grove (24,131 residents).
- Density: roughly 4,743 residents per square mile, spread over 5.1 sq mi of land.
- By land area: Morton Grove ranks 256th among Illinois's 1,294 places, at 5.1 sq mi.
- Share of Illinois: Morton Grove holds about 0.2% of the state's population, some 24,131 people.
- National rank: Morton Grove sits 1,624th by population among the 19,457 places in this dataset.
- Growth rank: Morton Grove ranks 1,221st among Illinois's 1,294 places for the 2020-to-2023 change.
- Against the state trend: Morton Grove's 4.6% change compares with a Illinois average of -2.0% across its 1,294 places.
- Density rank: Morton Grove places 44th among Illinois's places by people per square mile.
- Density vs Illinois: Morton Grove's 4,743 people per square mile compare with a state median of 993.
- Location: latitude 42.0423, longitude -87.7890 (Census Gazetteer).
- Nearest larger cities: Niles (1 mi); Skokie (3 mi); Park Ridge (4 mi); Glenview (4 mi); Wilmette (4 mi). Larger metros often have more branches, but online lenders reach Morton Grove on the same terms.
- Nearest smaller towns: Golf (1 mi); Lincolnwood (4 mi); Northfield (4 mi) — useful context for the surrounding area.
- Within a 50-mile radius: 234 smaller Census places.
- Within 100 miles: 107 places are larger than Morton Grove.
How Illinois law applies in Morton Grove
Read the table as a lender's compliance picture for Morton Grove: the rule, the sourced figure, the publisher and the date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Illinois Department of Financial and Professional Regulation (IDFPR), Division of Financial Institutions Source says: "DFI licenses, charters, and examines a wide variety of financial products and services including: Consumer and Sales Finance and Collection Agencies". | Illinois Department of Financial and Professional Regulation as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 9% annual percentage rate (general written-contract interest cap) Source says: "it shall be lawful for the parties to stipulate or agree that an annual percentage rate of 9%, or any less sum". | Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16 |
| Payday lending status | Permitted under license; capped at 36% annual percentage rate (payday loans) Source says: "shall not contract for or receive a charge exceeding a 36% annual percentage rate ... for a payday loan". | Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16 |
Morton Grove on the map
The Census Gazetteer records about 5.1 square miles of land within Morton Grove, with no significant water area listed. With 24,131 residents, the land area yields roughly 4,743 people per square mile. The largest place in Illinois, Chicago, lies about 15 miles away. Morton Grove has 83 larger places within a 50-mile radius. Within the same 50 miles lie 234 smaller Census places.
Where Morton Grove sits in Illinois
Morton Grove is the 93rd-largest of 1,294 Census places in Illinois and contains about 0.2% of the state's people. On the 2020-to-2023 trend, Morton Grove stands 1,221st among Illinois's 1,294 places — roughly the 6th percentile. At about 4,743 people per square mile, Morton Grove is the 44th most densely settled place in Illinois. By land area, its 5.1 square miles rank 256th of 1,294 places in Illinois.
What shapes a Morton Grove personal loan
In Morton Grove, a smaller city of about 24,131, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Two numbers drive a Morton Grove loan: the APR, which includes fees, and the term, which decides how long you keep paying. The term you choose in Morton Grove decides the split between a comfortable payment and the total interest you pay.
Getting a loan in Morton Grove
Morton Grove is a fairly dense community of about 24,131 people, with 83 larger places inside a 50-mile radius. A Illinois licence lets a lender serve Morton Grove without a local office, so branch density does not change what its 24,131 residents are offered. The nearest bigger place is Niles, IL about 1 miles away.
Common questions
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Nearby places
- Golf, IL — population 497
- Niles, IL — population 29,513
- Skokie, IL — population 64,937
- Glenview, IL — population 46,904
- Northfield, IL — population 5,543
- Park Ridge, IL — population 37,897
- Lincolnwood, IL — population 12,872
- Wilmette, IL — population 27,026