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Tower Lakes, IL

Full City Profile · Illinois · McHenry County County

5.0 /5.0
A+ Excellent
1,148 Population 1,248/sq mi density
$172,656 Median Income $74,172 per capita
$495,900 Home Value $618,996 Zillow
$2,375 Median Rent 23.3% income on rent
48°F Avg Temperature 260 sunny days/yr
A+
Overall
5.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$172,656 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$495,900 home value, $2,375/mo rent
A+
Education
5.0 / 5.0
77.8% bachelor's degree or higher

Tower Lakes, IL

At a Glance

Median Income
$172,656
130% above
$74,172 per capita
Home Value
$495,900
76% above
Zillow: $618,996
Median Rent
$2,375/mo
104% above
23.3% of income on rent
Violent Crime
0/100K
100% below
0/100K property
Bachelor's Degree+
77.8%
131% above
100.0% high school+
Unemployment
2.1%
42% below
3.0% poverty rate
Obesity Rate
29.5%
8% below
7.6% smoking rate
Avg Temperature
48°F
260 sunny days/yr

How Tower Lakes Compares to the U.S. Average

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

Income
230%
Home Value
176%
Rent
204%
Poverty
24%
Bachelor's
231%
Unemployment
58%
Crime
0%
Thin vertical line = U.S. national average (100%)

Is Tower Lakes 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

Tower Lakes residents earn a median household income of $172,656 , which is 130% above the national average of $75,149. Per capita income is $74,172. The unemployment rate stands at 2.1% (42% below the U.S. rate of 3.6%). 3.0% 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 Tower Lakes is $495,900 , 76% above the national median of $281,900. Zillow estimates the typical home at $618,996. Median rent is $2,375/month, with 23.3% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1966.

Safety & Crime

Tower Lakes reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 0/100K. The murder rate is 0.0/100K.

Education

77.8% of adults in Tower Lakes hold a bachelor's degree or higher (131% above the national average). 100.0% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

Tower Lakes has an average annual temperature of 48°F (9°C). Winters average 21°F in January while summers reach 72°F in July. The area gets 260 sunny days per year. Annual precipitation totals 38.5 inches. Air quality is rated Good with a median AQI of 43.

Data Overview

People

Population1,148
Median Age48.8 yrs
Density1,248/mi²
Male / Female51% / 49%
Foreign Born13.6%
Veterans5.0%

Economy

A+
Median Income$172,656
Per Capita$74,172
Unemployment2.1%
Poverty3.0%
County GDP$15,983M
Avg Weekly Wage$1,060

Housing

A+
Home Value$495,900
Rent$2,375
Ownership97.2%
Zillow$618,996
Housing Units485
Rent Burden23.3%

Crime

Violent0/100K
Property0/100K
Murder0.0/100K
Assault0/100K
Burglary0/100K

Health

Obesity29.5%
Diabetes6.9%
Smoking7.6%
Heart Disease3.8%
Premature Death5,730/100K

Climate

Avg Temp48°F
Sunny Days260/yr
Rain38.5 in/yr
AQI43 (Good)
Elevation769 ft

Education

A+
Bachelor's+77.8%
High School+100.0%
Graduate+28.3%
School Score6.2/10

Community

2024 VoteR 52% / D 47%
Commute38 min
Broadband97.0%
Internet Speed124 Mbps
EV Stations2
Libraries13

Did You Know?

The median home in Tower Lakes was built in 1966.
20.2% work from home.
The nearest airport is Chicago O'Hare International (21 miles).
The Gini coefficient (income inequality) is 0.411 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
8.1% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 124 Mbps.
There are 645 restaurants in the area.
The county recorded 18 fatal vehicle crashes.