Living in Lake Zurich, Illinois
Cost of living, income, home prices, rent and demographics of Lake Zurich · Census data 2020–2024
Lake Zurich has 19,832 residents with a median age of 40.3. The median household income is $135,968 (63% higher than the Illinois median), the median home value is $435,300, the median rent is $1,909/month.
Lake Zurich at a glance
- Population
- 19,832
- Median age
- 40.3State: 39
- Median household income
- $135,968State: $83,390
- Median home value
- $435,300State: $263,300
- Median rent
- $1,909/moState: $1,274
- Homeowners
- 77.8%
- Bachelor's degree or higher
- 60.7%
- Average commute
- 28 min
Is Lake Zurich a good place to live?
Pros: Median household income 63% higher than the Illinois median; an average commute of 28 minutes; unemployment of 3.2%; a poverty rate of 3.4%.
Cons: Home values 65% higher than the state median.
The weather is best in June to September.
Cost of living in Lake Zurich
Housing is the biggest part of the cost of living. In Lake Zurich the median home value is $435,300, 31% higher than the U.S. median. Renters pay a median of $1,909 per month, which is 26.4% of household income. Homeowners with a mortgage pay $2,749 a month in housing costs.
Lake Zurich median household income
The median household income in Lake Zurich is $135,968 and the income per person is $61,196. 3.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lake Zurich: homes for sale and rent
- Housing units
- 7,588
- Owner-occupied
- 77.8%
- Renter-occupied
- 22.2%
- Vacant
- 2.6%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.65
Lake Zurich demographics
- Population
- 19,832
- Median age
- 40.3
- Under 18
- 22.4%
- 65 and older
- 14.4%
- Households
- 7,392
- Foreign-born
- 15.8%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Zurich ›
Education in Lake Zurich
60.7% of adults 25 and older in Lake Zurich have a bachelor's degree or higher (Illinois: 37.8%), and 23.5% have a graduate or professional degree.
Jobs and commute in Lake Zurich
- Unemployment rate
- 3.2%State: 5.8%
- Average commute
- 28 minState: 28 min
- Work from home
- 21.8%
- Drive alone
- 71.5%
- Public transit
- 1.8%
- Walk to work
- 0.7%
- Homes with broadband
- 96.3%
Lake Zurich vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Zurich | 19,832 | $135,968 | $435,300 | $1,909 |
| Deer Park | 3,711 | $174,458 | $661,300 | $2,754 |
| Forest Lake | 1,865 | $96,250 | $346,400 | — |
| Kildeer | 4,292 | $250,001 | $770,700 | — |
| North Barrington | 3,143 | $226,055 | $765,900 | $2,679 |
| Hawthorn Woods | 9,143 | $219,631 | $619,100 | — |
| Barrington | 11,077 | $147,989 | $582,500 | $1,500 |
| Long Grove | 8,305 | $250,001 | $804,600 | $3,501 |
| Tower Lakes | 1,106 | $154,167 | $510,300 | — |
More for people moving to Lake Zurich
Lake Zurich ZIP code ›Weather and climate ›Living in Lake Zurich: FAQ
What is the median household income in Lake Zurich, IL?
The median household income in Lake Zurich is $135,968, 63% 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 Zurich?
The median home value in Lake Zurich is $435,300, compared with $263,300 in Illinois.
How much is rent in Lake Zurich?
The median gross rent in Lake Zurich is $1,909 per month, about 26.4% of household income.
Is Lake Zurich, IL a good place to live?
Pluses: median household income 63% higher than the Illinois median; an average commute of 28 minutes; unemployment of 3.2%; a poverty rate of 3.4%. Minuses: home values 65% higher than the state median.
What is the median age in Lake Zurich?
The median age in Lake Zurich is 40.3 years (Illinois: 39).
How long is the commute in Lake Zurich?
The average commute to work in Lake Zurich is 28 minutes; 21.8% of workers work from home.
What is the unemployment rate in Lake Zurich?
The unemployment rate in Lake Zurich is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Zurich?
60.7% of adults in Lake Zurich 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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