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ZipNumbers

Illinois · Census place 75874

Tower Lakes village, IL

Quick answer

Tower Lakes village has 1,148 residents, ranking #658 of 1462 places in Illinois. Median household income is $172,656, the median home is worth $495,900 and median gross rent runs $2,375 a month.

Population
1,148Tower Lakes village residents
Median household income
$172,656Past 12 months, inflation adjusted
Median home value
$495,900Owner-occupied units
Median gross rent
$2,375Rent plus utilities, monthly
Median age
48.8 yrsAll residents
Homeownership rate
97.2%Owner-occupied households

What the numbers mean in Tower Lakes village

Housing cost measured against local earnings.

A household earning the Tower Lakes village median would spend about 16.5% 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3% of residents and 97.2% 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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