Living in Lincolnshire, Illinois
Cost of living, income, home prices, rent and demographics of Lincolnshire · Census data 2020–2024
Lincolnshire has 7,980 residents with a median age of 49.4. The median household income is $185,580 (123% higher than the Illinois median), the median home value is $677,700, the median rent is $2,858/month.
Lincolnshire at a glance
- Population
- 7,980
- Median age
- 49.4State: 39
- Median household income
- $185,580State: $83,390
- Median home value
- $677,700State: $263,300
- Median rent
- $2,858/moState: $1,274
- Homeowners
- 78.2%
- Bachelor's degree or higher
- 77%
- Average commute
- 26 min
Is Lincolnshire a good place to live?
Pros: Median household income 123% higher than the Illinois median; an average commute of 26 minutes; unemployment of 2.2%; a poverty rate of 5.2%.
Cons: Home values 157% higher than the state median.
The weather is best in June to September.
Cost of living in Lincolnshire
Housing is the biggest part of the cost of living. In Lincolnshire the median home value is $677,700, 104% higher than the U.S. median. Renters pay a median of $2,858 per month, which is 36.6% of household income. Homeowners with a mortgage pay $3,927 a month in housing costs.
Lincolnshire median household income
The median household income in Lincolnshire is $185,580 and the income per person is $93,736. 5.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lincolnshire: homes for sale and rent
- Housing units
- 3,433
- Owner-occupied
- 78.2%
- Renter-occupied
- 21.8%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.39
Lincolnshire demographics
- Population
- 7,980
- Median age
- 49.4
- Under 18
- 20.6%
- 65 and older
- 24.5%
- Households
- 3,189
- Foreign-born
- 25%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Lincolnshire ›
Education in Lincolnshire
77% of adults 25 and older in Lincolnshire have a bachelor's degree or higher (Illinois: 37.8%), and 41.1% have a graduate or professional degree.
Jobs and commute in Lincolnshire
- Unemployment rate
- 2.2%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 37.3%
- Drive alone
- 50.3%
- Public transit
- 3.2%
- Walk to work
- 0.3%
- Homes with broadband
- 95%
Lincolnshire vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lincolnshire | 7,980 | $185,580 | $677,700 | $2,858 |
| Riverwoods | 4,013 | $249,205 | $800,700 | $1,842 |
| Bannockburn | 1,148 | $214,000 | $1,037,200 | — |
| Buffalo Grove | 42,891 | $129,395 | $412,300 | $2,037 |
| Mettawa | 663 | $181,333 | $871,500 | — |
| Vernon Hills | 26,876 | $121,943 | $412,300 | $1,903 |
| Indian Creek | 874 | $164,250 | $450,800 | $3,501 |
| Deerfield | 19,518 | $181,660 | $623,400 | $2,482 |
| Lake Forest | 19,416 | $235,081 | $938,300 | $1,815 |
More for people moving to Lincolnshire
Lincolnshire ZIP code ›Weather and climate ›Living in Lincolnshire: FAQ
What is the median household income in Lincolnshire, IL?
The median household income in Lincolnshire is $185,580, 123% 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 Lincolnshire?
The median home value in Lincolnshire is $677,700, compared with $263,300 in Illinois.
How much is rent in Lincolnshire?
The median gross rent in Lincolnshire is $2,858 per month, about 36.6% of household income.
Is Lincolnshire, IL a good place to live?
Pluses: median household income 123% higher than the Illinois median; an average commute of 26 minutes; unemployment of 2.2%; a poverty rate of 5.2%. Minuses: home values 157% higher than the state median.
What is the median age in Lincolnshire?
The median age in Lincolnshire is 49.4 years (Illinois: 39).
How long is the commute in Lincolnshire?
The average commute to work in Lincolnshire is 26 minutes; 37.3% of workers work from home.
What is the unemployment rate in Lincolnshire?
The unemployment rate in Lincolnshire is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lincolnshire?
77% of adults in Lincolnshire 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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