The Village of Island Lake had a population of 8,029 as of July 1, 2020. Island 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 Island Lake is located at latitude 42.2761 and longitude -88.192 in Lake County. The formal boundaries for the Village of Island Lake encompass a land area of 3.39 sq. miles and a water area of 0.21 sq. miles. Lake County is in the Central time zone (GMT -6). The elevation is 781 feet.
While the primary coordinates for Village of Island Lake are located in Lake County, it should be noted that the formal boundaries for this community also extend into and McHenry County.
The Village of Island Lake (GNIS ID: ) has a P1 Census Class Code which indicates populated place that is also an incorporated place with the same name and the same census code. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
|Total Population||8,029 (100%)|
|Population in Households||8,013 (99.8%)|
|Population in Families||6,690 (83.3%)|
|Population in Group Quarters1||16 ( 0.2%)|
|Median Household Income||$75,277|
|Average Household Income||$87,903|
|% of Income for Mortgage4||10%|
|Per Capita Income||$33,235|
|Total HU (Housing Units)||3,234 (100%)|
|Owner Occupied HU||2,584 (79.9%)|
|Renter Occupied HU||483 (14.9%)|
|Vacant Housing Units||168 ( 5.2%)|
|Median Home Value||$180,152|
|Average Home Value||$215,122|
|Housing Affordability Index3||209|
|Average Household Size||2.61|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.53%|
|Per Capita Income||2.38%|
|Owner Occupied HU||0.12%|
The table below compares Island 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.
|Total Population||# 259||81st|
|Population Density||# 184||87th|
|Median Household Income||# 292||79th|
|Housing Affordability Index||# 515||38th|
|Per Capita Income||# 425||69th|
|Diversity Index||# 217||84th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.