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ZipNumbers

Illinois · Census place 37894

Island Lake village, IL

Quick answer

Island Lake village has 8,023 residents, ranking #264 of 1462 places in Illinois. Median household income is $98,125, the median home is worth $241,900 and median gross rent runs $1,855 a month.

Population
8,023Island Lake village residents
Median household income
$98,125Past 12 months, inflation adjusted
Median home value
$241,900Owner-occupied units
Median gross rent
$1,855Rent plus utilities, monthly
Median age
39.5 yrsAll residents
Homeownership rate
81.7%Owner-occupied households

What the numbers mean in Island Lake village

Housing cost measured against local earnings.

A household earning the Island Lake village median would spend about 22.7% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.5% of residents and 81.7% 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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