Living in Gages Lake, Illinois
Cost of living, income, home prices, rent and demographics of Gages Lake · Census data 2020–2024
Gages Lake has 10,819 residents with a median age of 39.8. The median household income is $103,318 (24% higher than the Illinois median), the median home value is $310,500, the median rent is $1,693/month.
Gages Lake at a glance
- Population
- 10,819
- Median age
- 39.8State: 39
- Median household income
- $103,318State: $83,390
- Median home value
- $310,500State: $263,300
- Median rent
- $1,693/moState: $1,274
- Homeowners
- 83%
- Bachelor's degree or higher
- 42.5%
- Average commute
- 26 min
Is Gages Lake a good place to live?
Pros: Median household income 24% higher than the Illinois median; an average commute of 26 minutes; a poverty rate of 7%.
Cons: Home values 18% higher than the state median; unemployment of 9%.
The weather is best in June to September.
Cost of living in Gages Lake
Housing is the biggest part of the cost of living. In Gages Lake the median home value is $310,500, 7% lower than the U.S. median. Renters pay a median of $1,693 per month, which is 29.7% of household income. Homeowners with a mortgage pay $2,234 a month in housing costs.
Gages Lake median household income
The median household income in Gages Lake is $103,318 and the income per person is $48,915. 7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Gages Lake: homes for sale and rent
- Housing units
- 4,187
- Owner-occupied
- 83%
- Renter-occupied
- 17%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.64
Gages Lake demographics
- Population
- 10,819
- Median age
- 39.8
- Under 18
- 22.1%
- 65 and older
- 14.6%
- Households
- 4,081
- Foreign-born
- 10.4%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Gages Lake ›
Education in Gages Lake
42.5% of adults 25 and older in Gages Lake have a bachelor's degree or higher (Illinois: 37.8%), and 16.2% have a graduate or professional degree.
Jobs and commute in Gages Lake
- Unemployment rate
- 9%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 21.6%
- Drive alone
- 66.2%
- Public transit
- 1.4%
- Walk to work
- 2.5%
- Homes with broadband
- 95.4%
Gages Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Gages Lake | 10,819 | $103,318 | $310,500 | $1,693 |
| Third Lake | 1,137 | $150,139 | $361,500 | — |
| Gurnee | 30,510 | $119,628 | $344,300 | $1,655 |
| Grayslake | 20,929 | $113,972 | $309,500 | $1,485 |
| Grandwood Park | 5,262 | $126,736 | $330,500 | $1,836 |
| Park City | 7,827 | $60,171 | $57,400 | $1,110 |
| Libertyville | 20,525 | $165,667 | $512,000 | $1,637 |
| Hainesville | 3,524 | $129,911 | $210,500 | $1,225 |
| Venetian Village | 2,334 | $79,273 | $231,100 | $1,711 |
More for people moving to Gages Lake
Gages Lake ZIP code ›Weather and climate ›Living in Gages Lake: FAQ
What is the median household income in Gages Lake, IL?
The median household income in Gages Lake is $103,318, 24% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Gages Lake?
The median home value in Gages Lake is $310,500, compared with $263,300 in Illinois.
How much is rent in Gages Lake?
The median gross rent in Gages Lake is $1,693 per month, about 29.7% of household income.
Is Gages Lake, IL a good place to live?
Pluses: median household income 24% higher than the Illinois median; an average commute of 26 minutes; a poverty rate of 7%. Minuses: home values 18% higher than the state median; unemployment of 9%.
What is the median age in Gages Lake?
The median age in Gages Lake is 39.8 years (Illinois: 39).
How long is the commute in Gages Lake?
The average commute to work in Gages Lake is 26 minutes; 21.6% of workers work from home.
What is the unemployment rate in Gages Lake?
The unemployment rate in Gages Lake is 9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Gages Lake?
42.5% of adults in Gages Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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