Third Lake, IL

Full City Profile · Illinois · McHenry County County

5.0 /5.0
A+ Excellent
1,203 Population 2,039/sq mi density
$150,893 Median Income $68,252 per capita
$329,500 Home Value $428,031 Zillow
48°F Avg Temperature
A+
Overall
5.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$150,893 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$329,500 home value, /mo rent
A+
Education
5.0 / 5.0
70.9% bachelor's degree or higher

Third Lake, IL

At a Glance

Median Income
$150,893
101% above
$68,252 per capita
Home Value
$329,500
17% above
Zillow: $428,031
Bachelor's Degree+
70.9%
110% above
99.6% high school+
Unemployment
2.8%
22% below
0.0% poverty rate
Obesity Rate
30.3%
6% below
8.4% smoking rate
Avg Temperature
48°F

How Third Lake Compares to the U.S. Average

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

Income
201%
Home Value
117%
Poverty
0%
Bachelor's
210%
Unemployment
78%
Thin vertical line = U.S. national average (100%)

Is Third Lake a Good Place to Live?

A+
5.0 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Third Lake residents earn a median household income of $150,893 , which is 101% above the national average of $75,149. Per capita income is $68,252. The unemployment rate stands at 2.8% (22% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 7,928 business establishments, including 645 restaurants.

Housing & Cost of Living

The median home value in Third Lake is $329,500 , 17% above the national median of $281,900. Zillow estimates the typical home at $428,031. The cost of living index is 100.0 (100 = national average). The median home was built in 1985.

Education

70.9% of adults in Third Lake hold a bachelor's degree or higher (110% above the national average). 99.6% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

Third Lake has an average annual temperature of 48°F (9°C). Winters average 23°F in January while summers reach 72°F in July. Annual precipitation totals 36.4 inches. Air quality is rated Good with a median AQI of 43.

Data Overview

People

Population1,203
Median Age50.1 yrs
Density2,039/mi²
Male / Female49% / 51%
Foreign Born6.7%
Veterans6.0%

Economy

A+
Median Income$150,893
Per Capita$68,252
Unemployment2.8%
Poverty0.0%
County GDP$15,983M
Avg Weekly Wage$1,060

Housing

A+
Home Value$329,500
Rent
Ownership99.2%
Zillow$428,031
Housing Units470
Rent Burden30.3%

Health

Obesity30.3%
Diabetes7.4%
Smoking8.4%
Heart Disease4.1%
Premature Death5,730/100K

Climate

Avg Temp48°F
Rain36.4 in/yr
AQI43 (Good)
Elevation766 ft

Education

A+
Bachelor's+70.9%
High School+99.6%
Graduate+35.6%
School Score6.2/10

Community

2024 VoteR 52% / D 47%
Commute30 min
Broadband98.2%
Internet Speed124 Mbps
EV Stations2
Libraries13

Did You Know?

The median home in Third Lake was built in 1985.
The nearest airport is Kenosha Regional (16 miles).
The Gini coefficient (income inequality) is 0.411 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
8.9% of the population has a disability.
Average internet download speed is 124 Mbps.
There are 645 restaurants in the area.
The county recorded 18 fatal vehicle crashes.