Living in Lake Villa, Illinois
Cost of living, income, home prices, rent and demographics of Lake Villa · Census data 2020–2024
Lake Villa has 8,683 residents with a median age of 40.4. The median household income is $118,750 (42% higher than the Illinois median), the median home value is $351,700, the median rent is $1,533/month.
Lake Villa at a glance
- Population
- 8,683
- Median age
- 40.4State: 39
- Median household income
- $118,750State: $83,390
- Median home value
- $351,700State: $263,300
- Median rent
- $1,533/moState: $1,274
- Homeowners
- 74.3%
- Bachelor's degree or higher
- 55.6%
- Average commute
- 34 min
Is Lake Villa a good place to live?
Pros: Median household income 42% higher than the Illinois median; unemployment of 4.9%; a poverty rate of 3.2%.
Cons: Home values 34% higher than the state median; an average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Lake Villa
Housing is the biggest part of the cost of living. In Lake Villa the median home value is $351,700, 6% higher than the U.S. median. Renters pay a median of $1,533 per month, which is 27.5% of household income. Homeowners with a mortgage pay $2,667 a month in housing costs.
Lake Villa median household income
The median household income in Lake Villa is $118,750 and the income per person is $52,971. 3.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lake Villa: homes for sale and rent
- Housing units
- 3,141
- Owner-occupied
- 74.3%
- Renter-occupied
- 25.7%
- Vacant
- 0.8%Includes seasonal homes
- Median year built
- 1996
- Average household size
- 2.77
Lake Villa demographics
- Population
- 8,683
- Median age
- 40.4
- Under 18
- 26.9%
- 65 and older
- 12.7%
- Households
- 3,116
- Foreign-born
- 14%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Villa ›
Education in Lake Villa
55.6% of adults 25 and older in Lake Villa have a bachelor's degree or higher (Illinois: 37.8%), and 20.3% have a graduate or professional degree.
Jobs and commute in Lake Villa
- Unemployment rate
- 4.9%State: 5.8%
- Average commute
- 34 minState: 28 min
- Work from home
- 19.7%
- Drive alone
- 72.7%
- Public transit
- 1.1%
- Walk to work
- 0.2%
- Homes with broadband
- 97.3%
Lake Villa vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Villa | 8,683 | $118,750 | $351,700 | $1,533 |
| Venetian Village | 2,334 | $79,273 | $231,100 | $1,711 |
| Fox Lake Hills | 2,399 | $111,964 | $245,000 | $1,390 |
| Round Lake Beach | 27,079 | $86,059 | $199,200 | $1,543 |
| Round Lake Heights | 2,592 | $78,986 | $216,800 | $1,453 |
| Lindenhurst | 14,417 | $131,474 | $294,100 | $1,768 |
| Long Lake | 3,307 | $104,621 | $220,100 | $1,530 |
| Antioch | 14,859 | $108,899 | $306,700 | $1,129 |
| Third Lake | 1,137 | $150,139 | $361,500 | — |
More for people moving to Lake Villa
Lake Villa ZIP code ›Weather and climate ›Living in Lake Villa: FAQ
What is the median household income in Lake Villa, IL?
The median household income in Lake Villa is $118,750, 42% 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 Villa?
The median home value in Lake Villa is $351,700, compared with $263,300 in Illinois.
How much is rent in Lake Villa?
The median gross rent in Lake Villa is $1,533 per month, about 27.5% of household income.
Is Lake Villa, IL a good place to live?
Pluses: median household income 42% higher than the Illinois median; unemployment of 4.9%; a poverty rate of 3.2%. Minuses: home values 34% higher than the state median; an average commute of 34 minutes.
What is the median age in Lake Villa?
The median age in Lake Villa is 40.4 years (Illinois: 39).
How long is the commute in Lake Villa?
The average commute to work in Lake Villa is 34 minutes; 19.7% of workers work from home.
What is the unemployment rate in Lake Villa?
The unemployment rate in Lake Villa is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Villa?
55.6% of adults in Lake Villa 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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