Gages Lake, IL Profile: Facts & Data

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Gages Lake, Illinois - Basic Facts

The Gages Lake Census Designated Place had a population of 10,037 as of July 1, 2020. 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 elevation is 768 feet.

The Gages Lake Census Designated Place (GNIS ID: 2393015) 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.


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Gages Lake, IL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 10,037 (100%)
Population in Households 10,017 (99.8%)
Population in Families 8,537 (85.1%)
Population in Group Quarters1 20 ( 0.2%)
Population Density 3,371
Diversity Index2 51
 
 

INCOME

Median Household Income $96,996
Average Household Income $121,675
% of Income for Mortgage4 11%
Per Capita Income $45,660
Wealth Index5 165
 

HOUSING

Total HU (Housing Units) 3,999 (100%)
Owner Occupied HU 2,917 (72.9%)
Renter Occupied HU 841 (21.0%)
Vacant Housing Units 241 ( 6.0%)
Median Home Value $265,657
Average Home Value $288,344
Housing Affordability Index3 173
 

HOUSEHOLDS

Total Households 3,758
Average Household Size 2.67
Family Households 2,714
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.16% -0.21%
Households 0.01% -0.13%
Families -0.13% -0.21%
Median Household Income   1.23%
Per Capita Income   1.99%
Owner Occupied HU   -0.05%

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Gages Lake, IL - Peer Comparisons by Rank and Percentile

The table below compares Gages Lake to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2020 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 # 222 84th
Population Density # 119 91st
Median Household Income # 117 92nd
Housing Affordability Index # 319 23rd
Per Capita Income # 119 91st
Diversity Index # 188 86th

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

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