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Illinois · Census place 40884

Lake Barrington village, IL

Quick answer

Lake Barrington village has 5,400 residents, ranking #324 of 1462 places in Illinois. Median household income is $132,857, the median home is worth $451,400 and median gross rent runs $3,060 a month.

Population
5,400Lake Barrington village residents
Median household income
$132,857Past 12 months, inflation adjusted
Median home value
$451,400Owner-occupied units
Median gross rent
$3,060Rent plus utilities, monthly
Median age
52.7 yrsAll residents
Homeownership rate
89.1%Owner-occupied households

What the numbers mean in Lake Barrington village

Housing cost measured against local earnings.

A household earning the Lake Barrington village median would spend about 27.6% 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 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.2% of residents and 89.1% 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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