Also See Lake Forest, IL: ZIP Codes & Maps
The City of Lake Forest had a population of 19,435 as of July 1, 2023.
The primary coordinate point for Lake Forest is located at latitude 42.2586 and longitude -87.8406 in Lake County. The formal boundaries for the City of Lake Forest encompass a land area of 17.19 sq. miles and a water area of 0.07 sq. miles. Lake County is in the Central time zone (GMT -6).
The City of Lake Forest 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 City of Lake Forest is located within Township of Shields, a minor civil division (MCD) of Lake County.
POPULATION | |
---|---|
Total Population | 19,435 (100%) |
Population in Households | 18,175 (93.5%) |
Population in Families | 16,136 (83.0%) |
Population in Group Quarters1 | 1,260 ( 6.5%) |
Population Density | 1,130 |
Diversity Index2 | 34 |
INCOME | |
Median Household Income | $197,126 |
Average Household Income | $279,706 |
% of Income for Mortgage4 | 25% |
Per Capita Income | $100,939 |
Wealth Index5 | 378 |
Socioeconomic Status Index6 | High (69.8) |
HOUSING | |
---|---|
Total HU (Housing Units) | 7,747 (100%) |
Owner Occupied HU | 6,031 (77.8%) |
Renter Occupied HU | 969 (12.5%) |
Vacant Housing Units | 747 ( 9.6%) |
Median Home Value | $827,745 |
Average Home Value | $987,394 |
Housing Affordability Index3 | 91 |
HOUSEHOLDS | |
Total Households | 7,000 |
Average Household Size | 2.60 |
Family Households | 5,235 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.11% | -0.21% |
Households | 0.39% | 0.09% |
Families | 0.05% | |
Median Household Income | 0.29% | |
Per Capita Income | 1.95% | |
Owner Occupied HU | 0.24% |
The table below compares Lake Forest 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 | # 127 | 91st |
Population Density | # 621 | 58th |
Median Household Income | # 7 | 100th |
Housing Affordability Index | # 263 | 18th |
Per Capita Income | # 5 | 100th |
Diversity Index | # 443 | 70th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.
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