Lake Forest, IL
Quality of Life, Demographics, And Statistics

Demographics | Cost Of Living
Updated: 2023-10-17

Living In Lake Forest, Illinois Summary

Life in Lake Forest research summary. HomeSnacks has been researching the quality of life in Lake Forest over the past eight years using Census data, FBI crime data, cost of living data, and other primary sources. Based on the most recently available data, we found the following about life in Lake Forest:

  • The population in Lake Forest is 19,450.

  • The median home value in Lake Forest is $812,900.

  • The median income in Lake Forest is $194,267.

  • The cost of living in Lake Forest is 187 which is 1.9x higher than the national average.

  • The median rent in Lake Forest is $1,882.

  • The unemployment rate in Lake Forest is 3.4%.

  • The poverty rate in Lake Forest is 3.1%.

Lake Forest SnackAbility

6
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
8
Diversity
7
Safety
9.5
Amenities
8
Education
10
Commute
3

Lake Forest, IL Cost Of Living

187
Lake Forest's Overall Cost Of Living
1.9x
Higher Than The National Average
Living Expense Lake Forest Illinois National Average
Overall 187 92 100
Services 114 95 100
Groceries 109 98 100
Health 100 96 100
Housing 372 81 100
Transportation 114 105 100
Utilities 95 90 100

Lake Forest, IL Photos

Rankings for Lake Forest in Illinois

Map Of Lake Forest, IL

Best Places Around Lake Forest

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4

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5

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6

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7

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Population 39,562

8

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9

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10

Arlington Heights, IL
Population 77,283

Population over time in Lake Forest

Year Population % Change
2021 19,497 1.4%
2020 19,219 1.5%
2019 18,931 0.3%
2018 18,881 -0.4%
2017 18,951 0.2%
2016 18,914 -0.7%
2015 19,044 -0.1%
2014 19,068 -1.2%
2013 19,308 -0.5%
2012 19,397 -

Race / Ethnicity in Lake Forest

White
82.1% (15,962)
African American
1.0% (198)
American Indian
0.2% (32)
Asian
7.2% (1,400)
Hawaiian
0.0% (0)
Other
0.8% (153)
Two Or More
3.6% (703)
Hispanic
5.2% (1,002)
Race Lake Forest IL USA
White 82.1% 60.2% 59.4%
African American 1.0% 13.8% 12.2%
American Indian 0.2% 0.1% 0.6%
Asian 7.2% 5.6% 5.6%
Hawaiian 0.0% 0.0% 0.2%
Other 0.8% 0.3% 0.4%
Two Or More 3.6% 2.4% 3.2%
Hispanic 5.2% 17.5% 18.4%

Gender in Lake Forest

Female
51.5% (10,019)
Male
48.5% (9,431)
Gender Lake Forest IL USA
Female 51.5% 50.6% 50.5%
Male 48.5% 49.4% 49.5%

Highest level of educational attainment in Lake Forest for adults over 25

< 9th Grade
1.0% (194)
9-12th Grade
0.0% (0)
High School / GED
5.0% (972)
Some College
10.0% (1,945)
Associate's Degree
3.0% (583)
Bachelor's Degree
39.0% (7,585)
Master's Degree
25.0% (4,862)
Professional Degree
13.0% (2,528)
Doctorate Degree
4.0% (778)
Education Lake Forest IL USA
< 9th Grade 1.0% 6.0% 5.0%
9-12th Grade 0.0% 6.0% 6.0%
High School / GED 5.0% 25.0% 26.0%
Some College 10.0% 20.0% 20.0%
Associate's Degree 3.0% 8.0% 9.0%
Bachelor's Degree 39.0% 22.0% 21.0%
Master's Degree 25.0% 10.0% 9.0%
Professional Degree 13.0% 2.0% 2.0%
Doctorate Degree 4.0% 1.0% 2.0%

Household Income For Lake Forest, Illinois

Less than $10,000
2.2% (42,149)
$10,000 to $14,999
0.4% (6,932)
$15,000 to $24,999
2.7% (52,687)
$25,000 to $34,999
3.8% (73,207)
$35,000 to $49,999
3.4% (66,829)
$50,000 to $74,999
9.2% (179,692)
$75,000 to $99,999
6.8% (133,105)
$100,000 to $149,999
11.7% (228,219)
$150,000 to $199,999
11.0% (213,800)
$200,000 or more
48.8% (948,374)
Income Lake Forest IL USA
Less than $10,000 2.2% 5.9% 5.5%
$10,000 to $14,999 0.4% 3.5% 3.9%
$15,000 to $24,999 2.7% 7.4% 7.8%
$25,000 to $34,999 3.8% 7.7% 8.2%
$35,000 to $49,999 3.4% 10.7% 11.4%
$50,000 to $74,999 9.2% 16.3% 16.8%
$75,000 to $99,999 6.8% 12.9% 12.8%
$100,000 to $149,999 11.7% 17.1% 16.3%
$150,000 to $199,999 11.0% 8.5% 7.8%
$200,000 or more 48.8% 10.1% 9.5%

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