US ZIP Code
60045

Lake Forest, IL

Lake County  ·  Illinois

● Active
👥 20,957 Population
💰 $225,551 Median HH Income
▲ 196% above avg ↑ 26% since 2019
🎂 46.1 Median Age ↓ 2% since 2019
🏠 $899,200 Median Home Value
▲ 223% above avg ↑ 9% since 2019
🎓 84.2% College Grads
▲ 117% above avg
📊 2.1% Unemployment
▼ 57% below avg ↓ 43% since 2019
ZIP Code Details
ZIP Code60045
CityLake Forest
StateIllinois (IL)
CountyLake County
Area Code224/847
Elevation672 ft
Latitude42.235997
Longitude-87.864777
TimezoneChicago (DST)
FIPS17097
ZIP TypeStandard
StatusActive
People & Population (ACS 2023)
♂ Male 48.1% (10,070) Female 52.0% (10,887) ♀

Race & Ethnicity

White: 82.7%Hispanic: 4.5%Black: 0.8%Asian: 6.4%Other: 4.5%Race
White82.7%
Hispanic4.5%
Black0.8%
Asian6.4%
Other4.5%

Age Breakdown

Under 5
5%
5–17
15%
18–24
12%
25–44
17%
45–64
26%
65+
10%

Key Indicators

Median Age46.1 yrs ↓ 2% since 2019
Avg Household Size2.64
Below Poverty3.7% ▼ 63% below avg
College Grads84.2% ▲ 117% above avg
Unemployment2.1% ▼ 57% below avg
No HS Diploma16 (0.1%)
HS Graduate682 (5%)
Some College311 (2.3%)
Associates1,126 (8.3%)
Bachelors481 (3.6%)
Graduate Degree10,929 (80.7%)

Education

No HS: 0.1%HS Grad: 5%Some College: 2.3%Associates: 8.3%Bachelors: 3.6%Graduate: 80.7%Edu
No HS0.1%
HS Grad5.0%
Some College2.3%
Associates8.3%
Bachelors3.6%
Graduate80.7%
Housing & Income

Housing Tenure

Owner: 89.2%Renter: 10.8%Tenure
Owner89.2%
Renter10.8%

Home Value Distribution

Under $50k
1%
$50k–100k
1%
$100k–150k
1%
$150k–200k
1%
$200k–300k
2%
$300k–500k
12%
Over $500k
83%

Financials

Median HH Income$225,551 ▲ 196% above avg ↑ 26% since 2019
Median Home Value$899,200 ▲ 223% above avg ↑ 9% since 2019
Home/Income Ratio4.0x (nat avg ~3.5x)
Median Rent$2,321/mo ↑ 18% since 2019
Total Units7,939
Vacant Units442
Avg HH Size2.64

Income Distribution

Under $25k
4%
$25k–50k
3%
$50k–75k
9%
$75k–100k
6%
$100k–150k
13%
$150k–200k
8%
Over $200k
56%
Employment & Commute

How People Get to Work

Drove Alone
51%
Public Transit
13%
Walked
5%
Work From Home
30%

Commute Time

Under 15 min
28%
15–30 min
30%
30–45 min
11%
Over 45 min
31%
Housing Stock

Year Built

Before 1940
1%
1940s–1950s
12%
1960s–1970s
16%
1980s–1990s
13%
2000+
58%

Summary

Total Units7,939
Vacant442
Owner Occupied89.2%
Renter Occupied10.8%
Avg HH Size2.64
Frequently Asked Questions
ZIP code 60045 is in Lake Forest, IL, in Lake County.
ZIP code 60045 is located in Illinois (IL).
ZIP code 60045 is in Lake County, IL.
ZIP 60045 observes the Chicago timezone. Daylight Saving Time is observed.
The estimated population of ZIP code 60045 is 20,957 people (ACS 2023).
The median household income in ZIP code 60045 is $225,551 (ACS 2023).
The median home value in ZIP 60045 is $899,200 (ACS 2023).
About ZIP Code 60045

ZIP code 60045 is located in Lake Forest, Illinois, within Lake County. With a population of 20,957, this is a moderately populated ZIP code with a mature community — the median age is 46.1 years. Economically, 60045 is a affluent ZIP code: the median household income of $225,551 is more than double the national average.

Real estate in ZIP code 60045 represents among the most expensive housing markets in the country. The median home value of $899,200 is more than double the national average. Renters can expect to pay around $2,321 per month in median rent. Homeownership is strong here — 89.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 9% since 2019.

The population of 60045 is primarily White (82.66%). Residents are highly educated — 84.2% hold a bachelor's degree or higher, which is more than double the national average. Poverty affects a relatively small share of residents at 3.7%. Household income has grown by 26% since 2019.

The unemployment rate in 60045 stands at 2.1%, which is well below the national average. A notably high share of workers — 28% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 48%.

Overall, ZIP code 60045 in Lake Forest, IL is characterized as affluent, highly educated, a mature community, and predominantly owner-occupied. With 20,957 residents, a median household income of $225,551, and a median home value of $899,200, it offers a clear picture of life in this part of Illinois.