Island Lake, IL Profile: Facts & Data

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Island Lake, Illinois - Basic Facts

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.

The Village of Island Lake is located within Township of Wauconda, a minor civil division (MCD) of Lake County.


Jump to... (On This Page!)
  1. Island Lake 2019 Demographic Data
  2. Growth Rates for Island 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 - 2019 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, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Island Lake, IL Data & Demographics (As of July 1, 2019)

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.

WEALTH INDEX

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.

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  1. For information about schools and school attendance zones, use the HTL Address Tool
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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Illinois COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 7,993
Population in Households 7,977
Population in Families 6,671
Population in Group Qrtrs 16
Population Density 2,342
Diversity Index1 46
 

INCOME

Median Household Income $75,089
Average Household Income $85,754
Per Capita Income $32,198
Wealth Index3 87

HOUSING

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
 

HOUSEHOLDS

Total Households 3,024
Average Household Size 2.64
Family Households 2,118
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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

2010-2019 2019-2024
Population -0.1% -0.05%
Households 0.09% 0.07%
Families -0.13% -0.06%
Median Household Income   1.65%
Per Capita Income   2.83%

Island Lake, IL - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
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.

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