Third Lake, IL Profile: Facts & Data

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Third Lake, Illinois - Basic Facts

The Village of Third Lake had a population of 1,138 as of July 1, 2018. Third 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 Third Lake is located at latitude 42.3698 and longitude -88.0091 in Lake County. The formal boundaries for the Village of Third Lake (see map below) encompass a land area of 0.59 sq. miles and a water area of 0.26 sq. miles. Lake County is in the Central time zone (GMT -6). The elevation is 774 feet.

The Village of Third Lake (GNIS ID: 2399970) 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 Third Lake is located within Township of Avon, a minor civil division (MCD) of Lake County.


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  1. Third Lake 2018 Demographic Data
  2. Growth Rates for Third Lake (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 - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Third Lake, IL Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 1,138
Population in Households 1,133
Population in Familes 1,044
Population in Group Qrtrs 5
Population Density2 1,935
Diversity Index3 41
 

INCOME

Median Household Income $124,106
Average Household Income $145,832
Per Capita Income $49,271

HOUSING

Total Housing Units 420 (100%)
Owner Occupied HU 356 (84.8%)
Renter Occupied HU 35 ( 8.3%)
Vacant Housing Units 29 ( 6.9%)
Median Home Value $274,479
Average Home Value $307,725
 

HOUSEHOLDS

Total Households 391
Average Household Size 2.9
Family Households 326
Average Family Size 3
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  2. Population Density = Total Population per square mile.
  3. 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 race 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.

GROWTH RATE / YEAR

2010-2018 2018-2023
Population -0.46% -0.25%
Households -0.25% -0.15%
Families -0.29% -0.25%
Median Household Income   1.93%
Per Capita Income   2.43%

Third Lake, IL - Peer Comparisons by Rank and Percentile

The table below compares Third Lake to the other 1,368 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2018 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 # 671 51st
Population Density # 288 79th
Diversity Index # 243 82nd
Median Household Income # 32 98th
Per Capita Income # 59 96th

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

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