Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.0 yrs |
|---|---|
| Avg HH Size | 2.75 |
| Below Poverty | 7.4% ▼ 26% below avg |
| College Grads | 38.8% ≈ Avg |
| Unemployment | 6.3% ▲ 28% above avg |
| No HS Diploma | 82 (1.4%) |
| HS Graduate | 1,945 (34.2%) |
| Some College | 510 (9%) |
| Associates | 938 (16.5%) |
| Bachelors | 627 (11%) |
| Graduate Degree | 1,577 (27.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $94,613 ▲ 24% above avg |
|---|---|
| Median Home Value | $244,000 ▼ 12% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $1,826/mo |
| Total Housing Units | 3,263 |
| Vacant Units | 156 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Island Lake is a city in Illinois, located in Lake County. The city spans 1 ZIP code and is home to approximately 8,630 residents. It is a middle-aged city, with a median age of 40 years.
Economically, Island Lake is a middle-income community. The median household income of $94,613 is above the national average. Approximately 7.4% of residents live below the poverty line. The unemployment rate is 6.3%, above the national average.
The real estate market in Island Lake is an affordable housing market. Median home values stand at $244,000, which is near the national average. Renters typically pay around $1,826 per month. Homeownership is high at 81.8%, typical of suburban and family-oriented communities.
The population of Island Lake is moderately educated. 38.8% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (75.05%).
Island Lake, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 60042 | 8,630 | $94,613 | $244,000 | $1,826 | 6.3% | 38.8% | 81.8% |