Lake Forest, IL

Census Place

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2022 Population

19,436

0.072% 1-year decline

2022 Median Age

44.9

3.23% 1-year decrease

2022 Poverty Rate

3.97%

29.5% 1-year increase

2022 Median Household Income

$202,153

4.06% 1-year growth

2022 Median Property Value

$894,400

10% 1-year growth

2022 Employed Population

8,662

2.15% 1-year growth

About

In 2022, Lake Forest, IL had a population of 19.4k people with a median age of 44.9 and a median household income of $202,153. Between 2021 and 2022 the population of Lake Forest, IL declined from 19,450 to 19,436, a −0.072% decrease and its median household income grew from $194,267 to $202,153, a 4.06% increase.

The 5 largest ethnic groups in Lake Forest, IL are White (Non-Hispanic) (82.8%), Asian (Non-Hispanic) (6.44%), Two+ (Non-Hispanic) (4.05%), White (Hispanic) (2.27%), and Two+ (Hispanic) (1.34%).

None of the households in Lake Forest, IL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

95.7% of the residents in Lake Forest, IL are U.S. citizens.

The largest universities in Lake Forest, IL are Lake Forest College (483 degrees awarded in 2022) and Lake Forest Graduate School of Management (152 degrees).

In 2022, the median property value in Lake Forest, IL was $894,400, and the homeownership rate was 87.1%.

Most people in Lake Forest, IL drove alone to work, and the average commute time was 34.5 minutes. The average car ownership in Lake Forest, IL was 2 cars per household.

United States

Population & Diversity

Lake Forest, IL is home to a population of 19.4k people, from which 95.7% are citizens. As of 2022, 11% of Lake Forest, IL residents were born outside of the country (2.13k people).

In 2022, there were 12.9 times more White (Non-Hispanic) residents (16.1k people) in Lake Forest, IL than any other race or ethnicity. There were 1.25k Asian (Non-Hispanic) and 787 Two+ (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

95.7%

2022 Citizenship

95.9%

2021 Citizenship

As of 2022, 95.7% of Lake Forest, IL residents were US citizens, which is higher than the national average of 93.5%. In 2021, the percentage of US citizens in Lake Forest, IL was 95.9%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Lake Forest, IL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Forest, IL

White (Non-Hispanic)
16.1k ± 924
Asian (Non-Hispanic)
1.25k ± 358
Two+ (Non-Hispanic)
787 ± 371

4.76%

Hispanic Population

925 people

4.76% of the people in Lake Forest, IL are hispanic (925 people).

The following chart shows the 7 races represented in Lake Forest, IL as a share of the total population.

Foreign-Born Population

11%

2022 Foreign-Born Population

2.13k people

12.4%

2021 Foreign-Born Population

2.42k people

As of 2022, 11% of Lake Forest, IL residents (2.13k people) were born outside of the United States, which is lower than the national average of 13.6%. In 2021, the percentage of foreign-born citizens in Lake Forest, IL was 12.4%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Lake Forest, IL compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
211 ± 85
Gulf War (2001-)
57 ± 42
Korea
42 ± 33

Lake Forest, IL has a large population of military personnel who served in Vietnam, 3.7 times greater than any other conflict.

Economy

The economy of Lake Forest, IL employs 8.66k people. The largest industries in Lake Forest, IL are Professional, Scientific, & Technical Services (1,664 people), Educational Services (1,035 people), and Manufacturing (952 people), and the highest paying industries are Management of Companies & Enterprises ($250,001), Wholesale Trade ($226,458), and Manufacturing ($203,804).

Employment

Occupations

8.66k

2022 Value

± 724

2.15%

1 Year growth

± 11.4%

From 2021 to 2022, employment in Lake Forest, IL grew at a rate of 2.15%, from 8.48k employees to 8.66k employees.

The most common job groups, by number of people living in Lake Forest, IL, are Management Occupations (1,940 people), Sales & Related Occupations (1,230 people), and Legal Occupations (904 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Forest, IL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in the United States (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

8.66k

2022 Value

± 724

2.15%

1 Year growth

± 11.4%

From 2021 to 2022, employment in Lake Forest, IL grew at a rate of 2.15%, from 8.48k employees to 8.66k employees.

The most common employment sectors for those who live in Lake Forest, IL, are Professional, Scientific, & Technical Services (1,664 people), Educational Services (1,035 people), and Manufacturing (952 people). This chart shows the share breakdown of the primary industries for residents of Lake Forest, IL, though some of these residents may live in Lake Forest, IL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$152,726

Median earning men ± $22,216

$60,636

Median earning women ± $11,392

The industries with the best median earnings for men in 2022 are Manufacturing ($238,333), Finance & Insurance, & Real Estate & Rental & Leasing ($227,286), and Wholesale Trade ($226,875).

The industries with the best median earnings for women in 2022 are Manufacturing ($193,250), Wholesale Trade ($147,188), and Finance & Insurance, & Real Estate & Rental & Leasing ($135,733).

Civics

are the senators currently representing the state of the United States. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming is currently represented by 435 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Senator Elections

US Senators from the United States

Senator from N/AN/A

N/AN/A
N/A
N/AN/A
N/A

are the senators currently representing the United States.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in the United States over time, excluding special elections, colored by their political party.

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US Representative Elections

US Representatives from Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming have changed over time starting in 2008.

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Education

In 2022, universities in Lake Forest, IL awarded 635 degrees. The student population of Lake Forest, IL in 2022 is skewed towards women, with 848 male students and 1,200 female students.

Most students graduating from Universities in Lake Forest, IL are White (329 and 59.7%), followed by Hispanic or Latino (75 and 13.6%), Asian (51 and 9.26%), and Black or African American (44 and 7.99%).

The largest universities in Lake Forest, IL by number of degrees awarded are Lake Forest College (483 and 76.1%) and Lake Forest Graduate School of Management (152 and 23.9%).

The most popular majors in Lake Forest, IL are General Business Administration & Management (152 and 23.9%), General Business (53 and 8.35%), and Other Research & Experimental Psychology (41 and 6.46%).

The median tuition cost in Lake Forest, IL for private four year colleges is $52,000.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2022 in Lake Forest, IL, the percentage of applicants admitted was 59.7%, while the percentage of admitted who enrolled was 16%. The number of students enrolled in 2022 was 2,048 (41.4% men and 58.6% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Enrollments by Gender and Races

Universities

In 2022 there were 2,048 students enrolled in Lake Forest, IL, 41.4% men and 58.6% women.

By race, the largest number of students enrolled was concentrated in White with 978 records, of which 52.8% were women and 47.2% men.

Completions

Concentrations

Most Common

General Biological Sciences
40 degrees awarded
General Business
53 degrees awarded
Other Research & Experimental Psychology
41 degrees awarded

In 2022, the most common concentation for Bachelors Degree recipients in Lake Forest, IL was General Biological Sciences with 40 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Lake Forest, IL according to their major.

Universities

Gender

Race

Largest Universities by degrees awarded

Lake Forest College
483 degrees awarded
Lake Forest Graduate School of Management
152 degrees awarded

In 2022, the institution with the largest number of graduating students was Lake Forest College with 483 degrees awarded.

Student Diversity

University

In 2022, 242 men were awarded degrees from institutions in Lake Forest, IL, which is 0.616 times less than the 393 female students who received degrees in the same year.

In 2022 the most common race/ethnicity group awarded degrees at institutions was White students. These 329 degrees mean that there were 4.39 times more degrees awarded to White students then the next closest race/ethnicity group, Hispanic or Latino, with 75 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Private not-for-profit, 4-year or above ($52,000) is the sector with the highest median state tuition in 2022.

Private not-for-profit, 4-year or above ($902) is the sector with the highest median state fee in 2022.

Private not-for-profit, 4-year or above ($1,000) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for Illinois.

Measure

In 2022, 1.08% of men over 25 years of age had not completed any academic degree (no schooling), while 1.01% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for Illinois.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (2.62M), Some college (2.15M), and Bachelors Degree (2.1M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Lake Forest, IL was $894,400 in 2022, which is 3.17 times larger than the national average of $281,900. Between 2021 and 2022 the median property value increased from $812,900 to $894,400, a 10% increase. The homeownership rate in Lake Forest, IL is 87.1%, which is approximately the same as the national average of 64.8%.

People in Lake Forest, IL have an average commute time of 34.5 minutes, and they drove alone to work. Car ownership in Lake Forest, IL is approximately the same as the national average, with an average of 2 cars per household.

Median household income in Lake Forest, IL is $202,153. In 2022, the place with the highest median household income in Lake Forest, IL was Census Tract 8646.01 with a value of $250,001, followed by Census Tract 8646.02 and Census Tract 8650, with respective values of $250,001 and $250,001.

Housing

Property

$894,400

Median Property Value 2022

±$28,886

$6,064

Median Property Taxes

±$479

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lake Forest, IL the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Lake Forest, IL compared to it's parent and neighbor geographies.

Rent vs Own

87.1%

Homeownership

2022

62.7%

Homeowners with Mortgage

2022

In 2022, 87.1% of the housing units in Lake Forest, IL were occupied by their owner. This percentage grew from the previous year's rate of 86.7%.

This chart shows the percentage of owner in Lake Forest, IL compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Highest Median Household Income (Total)

Census Tract 8646.01
Census Tract 8646.02
Census Tract 8650

In 2022, the place with the highest Median Household Income (Total) in Lake Forest, IL was Census Tract 8646.01 with a value of $250,001, followed by Census Tract 8646.02 and Census Tract 8650, with respective values of $250,001 and $250,001.

The following map shows all of the places in Lake Forest, IL colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$202,153

Median Household Income

± $25,017

6.96k

Number of Households

± 522

In 2022, the median household income of the 6.96k households in Lake Forest, IL grew to $202,153 from the previous year's value of $194,267.

The following chart displays the households in Lake Forest, IL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Lake Forest, IL is from Lake Forest, IL.

N/A Wage GINI in N/A

In N/A, the income inequality in N/A was N/A according to the GINI calculation of the wage distribution. Income inequality had a N/A N/A from N/A to N/A, which means that wage distribution grew somewhat N/A even. The GINI for N/A was N/A than the national average of 0.478. In other words, wages are distributed N/A evenly in N/A in comparison to the national average.

This chart shows the number of workers in Lake Forest, IL across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2022

Drove Alone (49.4%)
Worked At Home (25.6%)
Public Transit (14.3%)

In 2022, 49.4% of workers in Lake Forest, IL drove alone to work, followed by those who worked at home (25.6%) and those who used public transit to get to work (14.3%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

34.5 minutes

Average Travel Time

Using averages, employees in Lake Forest, IL have a longer commute time (34.5 minutes) than the normal US worker (26.7 minutes). Additionally, 5.6% of the workforce in Lake Forest, IL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lake Forest, IL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lake Forest, IL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lake Forest, IL have 2 cars.

Poverty

Poverty & Diversity

3.97% of the population for whom poverty status is determined in Lake Forest, IL (729 out of 18.3k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 75+, followed by Females 6 - 11 and then Females 18 - 24.

The most common racial or ethnic group living below the poverty line in Lake Forest, IL is White, followed by Asian and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

97.8% of the population of Lake Forest, IL has health coverage, with 64.1% on employee plans, 2.96% on Medicaid, 18.8% on Medicare, 11.8% on non-group plans, and 0.15% on military or VA plans.

Coverage

Health Care Diversity

In 2022, insured persons according to age ranges were distributed in 22.7% under 18 years, 19.1% between 18 and 34 years, 34.2% between 35 and 64 years, and 24% over 64 years.

By gender, of the total number of insured persons, 47.4% were men and 52.6% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

2.17%

Uninsured

64.1%

Employer Coverage

2.96%

Medicaid

18.8%

Medicare

11.8%

Non-Group

0.15%

Military or VA

Between 2021 and 2022, the percent of uninsured citizens in Lake Forest, IL grew by 7.01% from 2.03% to 2.17%.

The following chart shows how the percent of uninsured individuals in Lake Forest, IL changed over time compared with the percent of individuals enrolled in various types of health insurance.

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