Living in Grayslake, Illinois
Cost of living, income, home prices, rent and demographics of Grayslake · Census data 2020–2024
Grayslake has 20,929 residents with a median age of 37.2. The median household income is $113,972 (37% higher than the Illinois median), the median home value is $309,500, the median rent is $1,485/month.
Grayslake at a glance
- Population
- 20,929
- Median age
- 37.2State: 39
- Median household income
- $113,972State: $83,390
- Median home value
- $309,500State: $263,300
- Median rent
- $1,485/moState: $1,274
- Homeowners
- 78.2%
- Bachelor's degree or higher
- 58.5%
- Average commute
- 27 min
Is Grayslake a good place to live?
Pros: Median household income 37% higher than the Illinois median; an average commute of 27 minutes; unemployment of 5.4%; a poverty rate of 6.3%.
Cons: Home values 18% higher than the state median.
The weather is best in June to September.
Cost of living in Grayslake
Housing is the biggest part of the cost of living. In Grayslake the median home value is $309,500, 7% lower than the U.S. median. Renters pay a median of $1,485 per month, which is 30.1% of household income. Homeowners with a mortgage pay $2,313 a month in housing costs.
Grayslake median household income
The median household income in Grayslake is $113,972 and the income per person is $55,937. 6.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Grayslake: homes for sale and rent
- Housing units
- 8,485
- Owner-occupied
- 78.2%
- Renter-occupied
- 21.8%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.54
Grayslake demographics
- Population
- 20,929
- Median age
- 37.2
- Under 18
- 23.5%
- 65 and older
- 14.1%
- Households
- 8,165
- Foreign-born
- 9.6%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Grayslake ›
Education in Grayslake
58.5% of adults 25 and older in Grayslake have a bachelor's degree or higher (Illinois: 37.8%), and 23.7% have a graduate or professional degree.
Jobs and commute in Grayslake
- Unemployment rate
- 5.4%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 19.9%
- Drive alone
- 68.8%
- Public transit
- 2%
- Walk to work
- 0.9%
- Homes with broadband
- 95.7%
Grayslake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Grayslake | 20,929 | $113,972 | $309,500 | $1,485 |
| Hainesville | 3,524 | $129,911 | $210,500 | $1,225 |
| Third Lake | 1,137 | $150,139 | $361,500 | — |
| Round Lake Park | 7,919 | $55,813 | $164,900 | $1,402 |
| Gages Lake | 10,819 | $103,318 | $310,500 | $1,693 |
| Round Lake | 18,628 | $111,977 | $278,600 | $1,710 |
| Round Lake Beach | 27,079 | $86,059 | $199,200 | $1,543 |
| Grandwood Park | 5,262 | $126,736 | $330,500 | $1,836 |
| Venetian Village | 2,334 | $79,273 | $231,100 | $1,711 |
More for people moving to Grayslake
Grayslake ZIP code ›Weather and climate ›Living in Grayslake: FAQ
What is the median household income in Grayslake, IL?
The median household income in Grayslake is $113,972, 37% 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 Grayslake?
The median home value in Grayslake is $309,500, compared with $263,300 in Illinois.
How much is rent in Grayslake?
The median gross rent in Grayslake is $1,485 per month, about 30.1% of household income.
Is Grayslake, IL a good place to live?
Pluses: median household income 37% higher than the Illinois median; an average commute of 27 minutes; unemployment of 5.4%; a poverty rate of 6.3%. Minuses: home values 18% higher than the state median.
What is the median age in Grayslake?
The median age in Grayslake is 37.2 years (Illinois: 39).
How long is the commute in Grayslake?
The average commute to work in Grayslake is 27 minutes; 19.9% of workers work from home.
What is the unemployment rate in Grayslake?
The unemployment rate in Grayslake is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Grayslake?
58.5% of adults in Grayslake 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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