All Countries
Lake Forest, IL
Full City Profile · Illinois · Lake County County
3.9
/5.0
B+
Good
19,190
Population
1,116/sq mi density
$228,120
Median Income
$110,436 per capita
$909,800
Home Value
$1,150,871 Zillow
$2,120
Median Rent
30.2% income on rent
50°F
Avg Temperature
260 sunny days/yr
41
Violent Crime/100K
629 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$228,120 median income, 1.2% unemployment
A
Affordability
4.4 / 5.0
$909,800 home value, $2,120/mo rent
F
Safety
1.0 / 5.0
41 violent crimes/100K
A+
Education
5.0 / 5.0
80.8% bachelor's degree or higher
Income Overview
Median Household Income
$228,120
204% above
US avg: $75,149
Per Capita Income
$110,436
183% above
US avg: $39,052
Unemployment Rate
1.2%
67% below
US avg: 3.6%
Poverty Rate
2.4%
81% below
US avg: 12.4%
Income Comparison: Lake Forest vs. U.S. Average
Each bar shows Lake Forest’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$228,120
304%
Per Capita
US: $39,052
$110,436
283%
IRS Avg AGI
US: $72,000
$143,679
200%
Avg Weekly Wage
US: $1,432
$1,751
122%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,751
22% above US avg ($1,432)
Mean Commute Time
34 min
22% above US avg (28 min)
Work From Home
27.8%
83% above US avg (15.2%)
Drive Alone
48.0%
34% below US avg (73.2%)
Public Transit
13.1%
162% above US avg (5.0%)
County GDP
$82,869M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
48%
Public Transit
13.1%
Work From Home
27.8%
Other
11.1%
Average commute time
34 minutes
US avg: 28 min
Business Landscape
Total Establishments
19,967
Restaurants
1,607
Healthcare
2,211
Retail
2,099
Manufacturing
811
Tax & Financial
IRS Avg Adjusted Gross Income
$143,679
100% above US avg ($72,000)
Avg Property Tax
$13,960
299% 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 | $228,120 |
| Per Capita Income | $110,436 |
| IRS Avg Adjusted Gross Income | $143,679 |
| Avg Weekly Wage | $1,751 |
| County GDP | $82,869M |
Hardship Indicators
| Unemployment Rate | 1.2% |
| Poverty Rate | 2.4% |
| Gini Coefficient | 0.479 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 34 minutes |
| Drive Alone | 48.0% |
| Public Transit | 13.1% |
| Work From Home | 27.8% |
Businesses
| Total Establishments | 19,967 |
| Restaurants | 1,607 |
| Healthcare | 2,211 |
| Retail | 2,099 |
| Manufacturing | 811 |
Tax
| IRS Avg AGI | $143,679 |
| Avg Property Tax | $13,960 |