The Village of Island Lake had a population of 7,993 as of July 1, 2019. 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.
HOUSING AFFORDABILITY INDEX
|Island Lake, IL Housing Affordability Index is 186 |
State of Illinois Housing Affordability Index is 119
|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.|
|Island Lake, IL Wealth Index is 87 |
State of Illinois Wealth Index is 105
|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.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
More Tools and Resources:
|Population in Households||7,977|
|Population in Families||6,671|
|Population in Group Qrtrs||16|
|Median Household Income||$75,089|
|Average Household Income||$85,754|
|Per Capita Income||$32,198|
|Total Housing Units||3,184 (100%)|
|Owner Occupied HU||2,552 (80.2%)|
|Renter Occupied HU||472 (14.8%)|
|Vacant Housing Units||160 ( 5.0%)|
|Median Home Value||$178,865|
|Housing Affordability Index2||186|
|Average Household Size||2.64|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.65%|
|Per Capita Income||2.83%|
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, 2019 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||# 260||81st|
|Population Density||# 194||86th|
|Diversity Index||# 215||84th|
|Median Household Income||# 297||78th|
|Per Capita Income||# 478||65th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.