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Island 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
8,014
Population
$103,156
Median Income
$262,500
Home Value
39.1
Median Age

Demographics

Island Lake has a population of 8,014 with a median age of 39.1. Here is the racial and ethnic breakdown of the population:

White
83.3%
Hispanic
18.1%
Asian
2.4%
Demographic Value
Total Population8,014
Median Age39.1
White83.3%
Black or African American0.3%
Asian2.4%
Hispanic or Latino18.1%
Island Lake, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 104.White: 80.0%Hispanic/Latino: 17.4%Asian: 2.3%Other: 0.3%8,014PopulationWhiteWhite80.0%Hispanic/LatinoHispanic/Latino17.4%AsianAsian2.3%OtherOther0.3%

Income & Economy

The median household income in Island Lake is $103,156, which is 28.0% above the national median of $80,610. The per capita income is $41,302. The poverty rate is 6.7%.

$103,156
Median Household Income
$41,302
Per Capita Income
6.7%
Poverty Rate

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Education

In Island Lake, 91.1% of residents age 25+ have a high school diploma or higher, and 30.4% hold a bachelor's degree or higher (7.6% with a graduate or professional degree).

HS Diploma+
91.1%
Bachelor's+
30.4%
Graduate+
7.6%
Education Level % of Adults (25+)
High School Diploma or Higher91.1%
Bachelor's Degree or Higher30.4%
Graduate or Professional Degree7.6%

Housing

The median home value in Island Lake is $262,500, below the national median of $303,400. The median monthly rent is $1,874. The homeownership rate is 82.7%.

$262,500
Median Home Value
$1,874/mo
Median Rent
82.7%
Homeownership Rate
Housing Metric Value
Median Home Value$262,500
Median Monthly Rent$1,874
Homeownership Rate82.7%
Vacancy Rate5.5%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Island Lake, Illinois?
The population of Island Lake, Illinois is 8,014 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Island Lake, Illinois?
The median household income in Island Lake, Illinois is $103,156. This is 28.0% above the national median of $80,610.
What is the median home value in Island Lake, Illinois?
The median home value in Island Lake, Illinois is $262,500. The median monthly rent is $1,874.
What percentage of people in Island Lake have a college degree?
In Island Lake, Illinois, 30.4% of adults age 25 and older hold a bachelor's degree or higher, and 91.1% have a high school diploma or higher.
Is Island Lake, Illinois an affordable place to live?
The home price-to-income ratio in Island Lake, Illinois is 2.5x (median home value $262,500 vs. median income $103,156), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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