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Forest Lake, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,865
Population
$96,250
Median Income
$346,400
Home Value
42.3
Median Age

Demographics

Forest Lake has a population of 1,865 with a median age of 42.3. Here is the racial and ethnic breakdown of the population:

White
74.5%
Hispanic
21.0%
Asian
4.5%
Demographic Value
Total Population1,865
Median Age42.3
White74.5%
Asian4.5%
Hispanic or Latino21.0%
Forest Lake, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 74.5%Hispanic/Latino: 21.0%Asian: 4.5%1,865PopulationWhiteWhite74.5%Hispanic/LatinoHispanic/Latino21.0%AsianAsian4.5%

Income & Economy

The median household income in Forest Lake is $96,250, which is 19.4% above the national median of $80,610. The per capita income is $43,682. The poverty rate is 4.0%.

$96,250
Median Household Income
$43,682
Per Capita Income
4.0%
Poverty Rate

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Education

In Forest Lake, 74.4% of residents age 25+ have a high school diploma or higher, and 48.3% hold a bachelor's degree or higher (14.2% with a graduate or professional degree).

HS Diploma+
74.4%
Bachelor's+
48.3%
Graduate+
14.2%
Education Level % of Adults (25+)
High School Diploma or Higher74.4%
Bachelor's Degree or Higher48.3%
Graduate or Professional Degree14.2%

Housing

The median home value in Forest Lake is $346,400, above the national median of $303,400. The homeownership rate is 95.5%.

$346,400
Median Home Value
95.5%
Homeownership Rate
Housing Metric Value
Median Home Value$346,400
Homeownership Rate95.5%
Vacancy Rate10.7%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Forest Lake, Illinois?
The population of Forest Lake, Illinois is 1,865 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Forest Lake, Illinois?
The median household income in Forest Lake, Illinois is $96,250. This is 19.4% above the national median of $80,610.
What is the median home value in Forest Lake, Illinois?
The median home value in Forest Lake, Illinois is $346,400.
What percentage of people in Forest Lake have a college degree?
In Forest Lake, Illinois, 48.3% of adults age 25 and older hold a bachelor's degree or higher, and 74.4% have a high school diploma or higher.
Is Forest Lake, Illinois an affordable place to live?
The home price-to-income ratio in Forest Lake, Illinois is 3.6x (median home value $346,400 vs. median income $96,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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