Living in Lake Barrington, Illinois
Cost of living, income, home prices, rent and demographics of Lake Barrington · Census data 2020–2024
Lake Barrington has 5,442 residents with a median age of 54.9. The median household income is $141,958 (70% higher than the Illinois median), the median home value is $475,700, the median rent is $3,501/month.
Lake Barrington at a glance
- Population
- 5,442
- Median age
- 54.9State: 39
- Median household income
- $141,958State: $83,390
- Median home value
- $475,700State: $263,300
- Median rent
- $3,501/moState: $1,274
- Homeowners
- 89%
- Bachelor's degree or higher
- 63.6%
- Average commute
- 33 min
Is Lake Barrington a good place to live?
Pros: Median household income 70% higher than the Illinois median; a poverty rate of 6.3%.
Cons: Home values 81% higher than the state median; an average commute of 33 minutes; unemployment of 5.9%.
The weather is best in June to September.
Cost of living in Lake Barrington
Housing is the biggest part of the cost of living. In Lake Barrington the median home value is $475,700, 43% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 51% of household income. Homeowners with a mortgage pay $3,304 a month in housing costs.
Lake Barrington median household income
The median household income in Lake Barrington is $141,958 and the income per person is $74,380. 6.3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lake Barrington: homes for sale and rent
- Housing units
- 2,502
- Owner-occupied
- 89%
- Renter-occupied
- 11%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.26
Lake Barrington demographics
- Population
- 5,442
- Median age
- 54.9
- Under 18
- 17.7%
- 65 and older
- 33%
- Households
- 2,384
- Foreign-born
- 13%
- Veterans
- 4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Barrington ›
Education in Lake Barrington
63.6% of adults 25 and older in Lake Barrington have a bachelor's degree or higher (Illinois: 37.8%), and 28.9% have a graduate or professional degree.
Jobs and commute in Lake Barrington
- Unemployment rate
- 5.9%State: 5.8%
- Average commute
- 33 minState: 28 min
- Work from home
- 22.3%
- Drive alone
- 70.6%
- Public transit
- 2.7%
- Walk to work
- 1.9%
- Homes with broadband
- 88.3%
Lake Barrington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Barrington | 5,442 | $141,958 | $475,700 | $3,501 |
| Tower Lakes | 1,106 | $154,167 | $510,300 | — |
| North Barrington | 3,143 | $226,055 | $765,900 | $2,679 |
| Fox River Grove | 4,523 | $121,506 | $298,900 | $2,210 |
| Port Barrington | 1,477 | $149,886 | $379,600 | $1,900 |
| Cary | 17,923 | $113,026 | $309,800 | $1,428 |
| Trout Valley | 574 | $217,292 | $446,200 | — |
| Lake Zurich | 19,832 | $135,968 | $435,300 | $1,909 |
| Oakwood Hills | 2,416 | $109,907 | $282,300 | $1,886 |
More for people moving to Lake Barrington
Lake Barrington ZIP code ›Weather and climate ›Living in Lake Barrington: FAQ
What is the median household income in Lake Barrington, IL?
The median household income in Lake Barrington is $141,958, 70% 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 Lake Barrington?
The median home value in Lake Barrington is $475,700, compared with $263,300 in Illinois.
How much is rent in Lake Barrington?
The median gross rent in Lake Barrington is $3,501 per month, about 51% of household income.
Is Lake Barrington, IL a good place to live?
Pluses: median household income 70% higher than the Illinois median; a poverty rate of 6.3%. Minuses: home values 81% higher than the state median; an average commute of 33 minutes; unemployment of 5.9%.
What is the median age in Lake Barrington?
The median age in Lake Barrington is 54.9 years (Illinois: 39).
How long is the commute in Lake Barrington?
The average commute to work in Lake Barrington is 33 minutes; 22.3% of workers work from home.
What is the unemployment rate in Lake Barrington?
The unemployment rate in Lake Barrington is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Barrington?
63.6% of adults in Lake Barrington 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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