Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.1 yrs |
|---|---|
| Avg HH Size | 2.64 |
| Below Poverty | 3.7% ▼ 63% below avg |
| College Grads | 84.2% ▲ 117% above avg |
| Unemployment | 2.1% ▼ 57% below avg |
| No HS Diploma | 16 (0.1%) |
| HS Graduate | 682 (5%) |
| Some College | 311 (2.3%) |
| Associates | 1,126 (8.3%) |
| Bachelors | 481 (3.6%) |
| Graduate Degree | 10,929 (80.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $225,551 ▲ 196% above avg |
|---|---|
| Median Home Value | $899,200 ▲ 223% above avg |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $2,321/mo |
| Total Housing Units | 7,939 |
| Vacant Units | 442 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Forest is a city in Illinois, located in Lake County. The city spans 1 ZIP code and is home to approximately 20,957 residents. It is a mature city, with a median age of 46.1 years.
Economically, Lake Forest is a affluent community. The median household income of $225,551 is more than double the national average. Approximately 3.7% of residents live below the poverty line. The unemployment rate is 2.1%, well below the national average.
The real estate market in Lake Forest is among the most expensive housing markets in the country. Median home values stand at $899,200, which is more than double the national average. Renters typically pay around $2,321 per month. Homeownership is high at 89.2%, typical of suburban and family-oriented communities.
The population of Lake Forest is highly educated. 84.2% of adults hold a bachelor's degree or higher — more than double the national average. The community is primarily White (82.66%).
Lake Forest, IL offers residents above-average earning potential within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 60045 | 20,957 | $225,551 | $899,200 | $2,321 | 2.1% | 84.2% | 89.2% |