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ZipNumbers

Illinois · Census place 31121

Grayslake village, IL

Quick answer

Grayslake village has 20,707 residents, ranking #118 of 1462 places in Illinois. Median household income is $113,697, the median home is worth $293,900 and median gross rent runs $1,434 a month.

Population
20,707Grayslake village residents
Median household income
$113,697Past 12 months, inflation adjusted
Median home value
$293,900Owner-occupied units
Median gross rent
$1,434Rent plus utilities, monthly
Median age
35.9 yrsAll residents
Homeownership rate
76.3%Owner-occupied households

What the numbers mean in Grayslake village

Housing cost measured against local earnings.

A household earning the Grayslake village median would spend about 15.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.6% of residents and 76.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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