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Tower Lakes, 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
1,106
Population
$154,167
Median Income
$510,300
Home Value
48.8
Median Age

Demographics

Tower Lakes has a population of 1,106 with a median age of 48.8. Here is the racial and ethnic breakdown of the population:

White
87.3%
Hispanic
6.6%
Other
3.7%
Asian
2.4%
Demographic Value
Total Population1,106
Median Age48.8
White87.3%
Asian2.4%
Hispanic or Latino6.6%
Other / Two or More Races3.7%
Tower Lakes, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 87.3%Hispanic/Latino: 6.6%Other: 3.7%Asian: 2.4%1,106PopulationWhiteWhite87.3%Hispanic/LatinoHispanic/Latino6.6%OtherOther3.7%AsianAsian2.4%

Income & Economy

The median household income in Tower Lakes is $154,167, which is 91.3% above the national median of $80,610. The per capita income is $75,857. The poverty rate is 2.0%.

$154,167
Median Household Income
$75,857
Per Capita Income
2.0%
Poverty Rate

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Education

In Tower Lakes, 100.0% of residents age 25+ have a high school diploma or higher, and 76.4% hold a bachelor's degree or higher (33.7% with a graduate or professional degree).

HS Diploma+
100.0%
Bachelor's+
76.4%
Graduate+
33.7%
Education Level % of Adults (25+)
High School Diploma or Higher100.0%
Bachelor's Degree or Higher76.4%
Graduate or Professional Degree33.7%

Housing

The median home value in Tower Lakes is $510,300, above the national median of $303,400. The homeownership rate is 96.9%.

$510,300
Median Home Value
96.9%
Homeownership Rate
Housing Metric Value
Median Home Value$510,300
Homeownership Rate96.9%
Vacancy Rate2.3%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Tower Lakes, Illinois?
The population of Tower Lakes, Illinois is 1,106 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Tower Lakes, Illinois?
The median household income in Tower Lakes, Illinois is $154,167. This is 91.3% above the national median of $80,610.
What is the median home value in Tower Lakes, Illinois?
The median home value in Tower Lakes, Illinois is $510,300.
What percentage of people in Tower Lakes have a college degree?
In Tower Lakes, Illinois, 76.4% of adults age 25 and older hold a bachelor's degree or higher, and 100.0% have a high school diploma or higher.
Is Tower Lakes, Illinois an affordable place to live?
The home price-to-income ratio in Tower Lakes, Illinois is 3.3x (median home value $510,300 vs. median income $154,167), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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