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Third 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
1,137
Population
$150,139
Median Income
$361,500
Home Value
52.2
Median Age

Demographics

Third Lake has a population of 1,137 with a median age of 52.2. Here is the racial and ethnic breakdown of the population:

White
85.0%
Hispanic
11.7%
Asian
2.2%
Other
1.0%
Demographic Value
Total Population1,137
Median Age52.2
White85.0%
Black or African American0.1%
Asian2.2%
Hispanic or Latino11.7%
Other / Two or More Races1.0%
Third Lake, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 85.0%Hispanic/Latino: 11.7%Asian: 2.2%Other: 1.1%1,137PopulationWhiteWhite85.0%Hispanic/LatinoHispanic/Latino11.7%AsianAsian2.2%OtherOther1.1%

Income & Economy

The median household income in Third Lake is $150,139, which is 86.3% above the national median of $80,610. The per capita income is $67,094. The poverty rate is 2.0%.

$150,139
Median Household Income
$67,094
Per Capita Income
2.0%
Poverty Rate

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Education

In Third Lake, 98.7% of residents age 25+ have a high school diploma or higher, and 69.1% hold a bachelor's degree or higher (29.9% with a graduate or professional degree).

HS Diploma+
98.7%
Bachelor's+
69.1%
Graduate+
29.9%
Education Level % of Adults (25+)
High School Diploma or Higher98.7%
Bachelor's Degree or Higher69.1%
Graduate or Professional Degree29.9%

Housing

The median home value in Third Lake is $361,500, above the national median of $303,400. The homeownership rate is 99.1%.

$361,500
Median Home Value
99.1%
Homeownership Rate
Housing Metric Value
Median Home Value$361,500
Homeownership Rate99.1%
Vacancy Rate3.7%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Third Lake, Illinois?
The population of Third Lake, Illinois is 1,137 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Third Lake, Illinois?
The median household income in Third Lake, Illinois is $150,139. This is 86.3% above the national median of $80,610.
What is the median home value in Third Lake, Illinois?
The median home value in Third Lake, Illinois is $361,500.
What percentage of people in Third Lake have a college degree?
In Third Lake, Illinois, 69.1% of adults age 25 and older hold a bachelor's degree or higher, and 98.7% have a high school diploma or higher.
Is Third Lake, Illinois an affordable place to live?
The home price-to-income ratio in Third Lake, Illinois is 2.4x (median home value $361,500 vs. median income $150,139), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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