60042 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Lake County
Centroid: Latitude 42.276, Longitude -88.211
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 60042 has segments in 2 Counties (Lake, McHenry).

Businesses Addresses: 199
PO Box Addresses: 127
Residential Addresses: 3,295

Multi-Family Addresses: 0
Single Family Addresses: 3,295

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

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Island Lake, IL 60042 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Island Lake, IL 60042 Housing Affordability Index is 178 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 60042 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.

POPULATION
Total Population	8,467 (100%)
Population in Households	8,435 (99.6%)
Population in Families	7,049 (83.3%)
Population in Group Quarters¹	32 ( 0.4%)
Population Density	1,858
Diversity Index²	46

INCOME
Median Household Income	$75,184
Average Household Income	$85,775
Per Capita Income	$32,392
Wealth Index⁴	87

HOUSING
Total Housing Units	3,367 (100%)
Owner Occupied HU	2,680 (79.6%)
Renter Occupied HU	517 (15.4%)
Vacant Housing Units	170 ( 5.0%)
Median Home Value	$180,217
Housing Affordability Index³	178

HOUSEHOLDS
Total Households	3,197
Average Household Size	2.64
Family Households	2,238
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
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.
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.
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.

Island Lake, IL 60042 - Peer Comparisons by Rank and Percentile

The table below compares 60042 to the other 1,383 ZIP Codes 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.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	-0.12%	-0.05%
Households	0.08%	0.06%
Families	-0.09%	-0.06%
Median Household Income		1.72%
Per Capita Income		2.92%

Variable Description	Rank	Percentile
Total Population	# 395	72nd
Population Density	# 246	82nd
Diversity Index	# 263	81st
Median Household Income	# 299	78th
Per Capita Income	# 547	61st

Island Lake, IL 60042 ZIP Code Profile

ZIP Code 60042: Basic Data & USPS Preferred City Name

Popular Places Near ZIP Code 60042

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Island Lake, IL 60042 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Island Lake, IL 60042 - Peer Comparisons by Rank and Percentile

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