Libertyville, IL Profile: Facts & Data

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Libertyville, Illinois - Basic Facts

The Village of Libertyville had a population of 20,554 as of July 1, 2023. Libertyville ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Libertyville is located at latitude 42.2831 and longitude -87.9531 in Lake County. The formal boundaries for the Village of Libertyville encompass a land area of 8.8 sq. miles and a water area of 0.34 sq. miles. Lake County is in the Central time zone (GMT -6).

The Village of Libertyville has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Libertyville is located within Township of Libertyville, a minor civil division (MCD) of Lake County.


Jump to... (On This Page!)
  1. Libertyville 2023 Demographic Data
  2. Growth Rates for Libertyville (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2023 Demographics
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Libertyville, IL Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 20,554 (100%)
Population in Households 20,081 (97.7%)
Population in Families 17,463 (85.0%)
Population in Group Quarters1 473 ( 2.3%)
Population Density 2,334
Diversity Index2 39
 
 

INCOME

Median Household Income $158,108
Average Household Income $209,603
% of Income for Mortgage4 17%
Per Capita Income $78,134
Wealth Index5 278
Socioeconomic Status Index6 High (68.3)
 

HOUSING

Total HU (Housing Units) 8,170 (100%)
Owner Occupied HU 6,303 (77.1%)
Renter Occupied HU 1,355 (16.6%)
Vacant Housing Units 512 ( 6.3%)
Median Home Value $455,450
Average Home Value $533,532
Housing Affordability Index3 120
 

HOUSEHOLDS

Total Households 7,658
Average Household Size 2.62
Family Households 5,471
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.04% -0.26%
Households 0.19% 0.02%
Families   -0.06%
Median Household Income   2.20%
Per Capita Income   2.40%
Owner Occupied HU   0.22%

Libertyville, IL - Peer Comparisons by Rank and Percentile

The table below compares Libertyville to the other 1,464 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 120 92nd
Population Density # 192 87th
Median Household Income # 24 98th
Housing Affordability Index # 512 35th
Per Capita Income # 29 98th
Diversity Index # 394 73rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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