Illinois Gazetteer
Also See: Barrington, IL ZIP Codes & ZIP Code Maps
The Village of Tower Lakes had a population of 1,197 as of July 1, 2020.
The primary coordinate point for Tower Lake is located at latitude 42.232 and longitude -88.152 in Lake County. The formal boundaries for the Village of Tower Lakes encompass a land area of 0.91 sq. miles and a water area of 0.13 sq. miles. Lake County is in the Central time zone (GMT -6). The elevation is 784 feet.
The Village of Tower Lakes (GNIS ID: 2399999) 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 Tower Lakes is located within Township of Cuba, a minor civil division (MCD) of Lake County.
Alternate Unofficial Names for Tower Lake: Tower Lakes.
POPULATION | |
|---|---|
| Total Population | 1,197 (100%) |
| Population in Households | 1,197 (100.0%) |
| Population in Families | 1,118 (93.4%) |
| Population in Group Quarters1 | 0 |
| Population Density | 1,308 |
| Diversity Index2 | 20 |
INCOME | |
| Median Household Income | $151,816 |
| Average Household Income | $223,009 |
| % of Income for Mortgage4 | 15% |
| Per Capita Income | $76,806 |
| Wealth Index5 | 359 |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 439 (100%) |
| Owner Occupied HU | 388 (88.4%) |
| Renter Occupied HU | 11 ( 2.5%) |
| Vacant Housing Units | 40 ( 9.1%) |
| Median Home Value | $537,572 |
| Average Home Value | $560,180 |
| Housing Affordability Index3 | 157 |
HOUSEHOLDS | |
| Total Households | 399 |
| Average Household Size | 3.0 |
| Family Households | 342 |
| Average Family Size | 3 |
GROWTH RATE / YEAR |
2010-2020 | 2020-2025 |
|---|---|---|
| Population | -0.67% | -0.54% |
| Households | -0.57% | -0.51% |
| Families | -0.89% | -0.53% |
| Median Household Income | 0.63% | |
| Per Capita Income | 1.34% | |
| Owner Occupied HU | -0.52% |
The table below compares Tower 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 | # 651 | 53rd |
| Population Density | # 552 | 60th |
| Median Household Income | # 20 | 99th |
| Housing Affordability Index | # 247 | 18th |
| Per Capita Income | # 24 | 98th |
| Diversity Index | # 509 | 63rd |
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.
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