Gages Lake, IL Profile: Facts & Data

The Gages Lake CDP⁽¹⁾ had a population of 10,588 as of July 1, 2023. Gages Lake ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Gages Lake is located at latitude 42.3517 and longitude -87.9826 in Lake County. The formal boundaries for the Gages Lake Census Designated Place encompass a land area of 2.99 sq. miles and a water area of 0.21 sq. miles. Lake County is in the Central time zone (GMT -6).

The Gages Lake Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Gages Lake Census Designated Place is located within Township of Warren, a minor civil division (MCD) of Lake County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Gages Lake, IL Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	10,588 (100%)
Population in Households	10,549 (99.6%)
Population in Families	9,008 (85.1%)
Population in Group Quarters¹	39 ( 0.4%)
Population Density	3,558
Diversity Index²	63


INCOME
Median Household Income	$99,776
Average Household Income	$140,027
% of Income for Mortgage⁴	18%
Per Capita Income	$53,343
Wealth Index⁵	165
Socioeconomic Status Index⁶	Moderate (55.6)

HOUSING
Total HU (Housing Units)	4,195 (100%)
Owner Occupied HU	3,205 (76.4%)
Renter Occupied HU	828 (19.7%)
Vacant Housing Units	162 ( 3.9%)
Median Home Value	$294,798
Average Home Value	$324,407
Housing Affordability Index³	109

HOUSEHOLDS
Total Households	4,033
Average Household Size	2.62
Family Households	2,904
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Gages Lake, IL - Peer Comparisons by Rank and Percentile

The table below compares Gages Lake 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.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-0.14%	-0.37%
Households	0.14%	-0.03%
Families		-0.10%
Median Household Income		2.30%
Per Capita Income		3.06%
Owner Occupied HU		0.12%

Variable Description	Rank	Percentile
Total Population	# 219	85th
Population Density	# 108	93rd
Median Household Income	# 176	88th
Housing Affordability Index	# 412	28th
Per Capita Income	# 126	91st
Diversity Index	# 166	89th

Gages Lake, IL Profile: Facts & Data

Gages Lake, Illinois - Basic Facts

Gages Lake, IL Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Gages Lake, IL - Peer Comparisons by Rank and Percentile

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