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Island Lake, IL
Full City Profile · Illinois · McHenry County County
3.4
/5.0
B
Good
8,023
Population
2,381/sq mi density
$98,125
Median Income
$40,068 per capita
$241,900
Home Value
$293,448 Zillow
$1,855
Median Rent
30.8% income on rent
49°F
Avg Temperature
260 sunny days/yr
87
Violent Crime/100K
483 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$98,125 median income, 4.9% unemployment
A+
Affordability
5.0 / 5.0
$241,900 home value, $1,855/mo rent
F
Safety
1.0 / 5.0
87 violent crimes/100K
B
Education
3.2 / 5.0
27.6% bachelor's degree or higher
Income Overview
Median Household Income
$98,125
31% above
US avg: $75,149
Per Capita Income
$40,068
3% above
US avg: $39,052
Unemployment Rate
4.9%
36% above
US avg: 3.6%
Poverty Rate
3.4%
73% below
US avg: 12.4%
Income Comparison: Island Lake vs. U.S. Average
Each bar shows Island Lake’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$98,125
131%
Per Capita
US: $39,052
$40,068
103%
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
32 min
15% above US avg (28 min)
Work From Home
11.9%
22% below US avg (15.2%)
Drive Alone
76.3%
4% above US avg (73.2%)
Public Transit
0.1%
98% below US avg (5.0%)
County GDP
$15,983M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
76.3%
Public Transit
0.1%
Work From Home
11.9%
Other
11.7%
Average commute time
32 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 | $98,125 |
| Per Capita Income | $40,068 |
| IRS Avg Adjusted Gross Income | $93,804 |
| Avg Weekly Wage | $1,060 |
| County GDP | $15,983M |
Hardship Indicators
| Unemployment Rate | 4.9% |
| Poverty Rate | 3.4% |
| Gini Coefficient | 0.411 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 32 minutes |
| Drive Alone | 76.3% |
| Public Transit | 0.1% |
| Work From Home | 11.9% |
Businesses
| Total Establishments | 7,928 |
| Restaurants | 645 |
| Healthcare | 846 |
| Retail | 816 |
| Manufacturing | 432 |
Tax
| IRS Avg AGI | $93,804 |
| Avg Property Tax | $8,712 |