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: 181
PO Box Addresses: 119
Residential Addresses: 3,309

Multi-Family Addresses: 0
Single Family Addresses: 3,309

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2021, Maps updated: May 5, 2021.

Island Lake, IL 60042 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	8,279 (100%)
Population in Households	8,246 (99.6%)
Population in Families	6,880 (83.1%)
Population in Group Quarters¹	33 ( 0.4%)
Population Density	2,213
Diversity Index²	47


INCOME
Median Household Income	$75,383
Average Household Income	$88,182
% of Income for Mortgage⁴	10%
Per Capita Income	$33,535
Wealth Index⁵	89

HOUSING
Total HU (Housing Units)	3,321 (100%)
Owner Occupied HU	2,637 (79.4%)
Renter Occupied HU	511 (15.4%)
Vacant Housing Units	173 ( 5.2%)
Median Home Value	$180,729
Average Home Value	$215,757
Housing Affordability Index³	189

HOUSEHOLDS
Total Households	3,148
Average Household Size	2.62
Family Households	2,202
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 races 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 % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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 1,372 ZIP Codes 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.15%	-0.06%
Households	0.1%	0.08%
Families	-0.07%	-0.05%
Median Household Income		1.54%
Per Capita Income		2.37%
Owner Occupied HU		0.12%

Variable Description	Rank	Percentile
Total Population	# 398	71st
Population Density	# 223	84th
Median Household Income	# 299	78th
Housing Affordability Index	# 397	29th
Per Capita Income	# 472	66th
Diversity Index	# 258	81st

Island Lake, IL 60042 ZIP Code Profile

ZIP Code 60042: Basic Data & USPS Preferred City Name

Island Lake, IL 60042 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

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

Popular Places Near ZIP Code 60042

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