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Forest Lake, IL

Full City Profile · Illinois · McHenry County County

4.2 /5.0
A Great
1,797 Population 5,134/sq mi density
$92,956 Median Income $41,348 per capita
$318,300 Home Value $444,921 Zillow
48°F Avg Temperature 260 sunny days/yr
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.5 / 5.0
$92,956 median income, 4.3% unemployment
A+
Affordability
4.8 / 5.0
$318,300 home value, /mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
52.4% bachelor's degree or higher

Income Overview

Median Household Income
$92,956
24% above
US avg: $75,149
Per Capita Income
$41,348
6% above
US avg: $39,052
Unemployment Rate
4.3%
19% above
US avg: 3.6%
Poverty Rate
2.7%
78% below
US avg: 12.4%

Income Comparison: Forest Lake vs. U.S. Average

Each bar shows Forest Lake’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$92,956
124%
Per Capita
US: $39,052
$41,348
106%
IRS Avg AGI
US: $72,000
$93,804
130%
Avg Weekly Wage
US: $1,432
$1,060
74%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,060
26% below US avg ($1,432)
Mean Commute Time
30 min
9% above US avg (28 min)
Work From Home
4.8%
68% below US avg (15.2%)
Drive Alone
90.4%
23% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$15,983M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 90.4%
Public Transit 0%
Work From Home 4.8%
Other 4.8%
Average commute time
30 minutes
US avg: 28 min

Business Landscape

Total Establishments
7,928
Restaurants
645
Healthcare
846
Retail
816
Manufacturing
432

Tax & Financial

IRS Avg Adjusted Gross Income
$93,804
30% above US avg ($72,000)
Avg Property Tax
$8,712
149% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$92,956
Per Capita Income$41,348
IRS Avg Adjusted Gross Income$93,804
Avg Weekly Wage$1,060
County GDP$15,983M

Hardship Indicators

Unemployment Rate4.3%
Poverty Rate2.7%
Gini Coefficient0.411
Cost of Living Index100.0

Commute

Mean Commute30 minutes
Drive Alone90.4%
Public Transit0.0%
Work From Home4.8%

Businesses

Total Establishments7,928
Restaurants645
Healthcare846
Retail816
Manufacturing432

Tax

IRS Avg AGI$93,804
Avg Property Tax$8,712