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Gages Lake, Illinois Demographics & Population 2026

During the 2020–2024 ACS period, Gages Lake, Illinois had a total population of 10,819, the 215th largest community in Illinois, with a median household income of $103,318, which is 24% higher than the state average. The poverty rate is 7.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Gages Lake Quick Facts

Population 10,819
Median Household Income $103,318
Median Home Value $310,500
Poverty Rate 7.0%
Unemployment Rate 9.0%
Median Age 39.8 years
Homeownership Rate 83.0%
Affordability Ratio 3.0x
Bachelor's Degree or Higher 42.5%
High School Graduation Rate 96.0%
Diversity Index 53/100
Population 10,819 215th of 1,445
Median Income $103,318 top 20%
Poverty Rate 7.0% 44% lower than national
Median Home Value $310,500 top 20%

How Gages Lake Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population10,70610,819+1.1%
Median household income$105,114$103,318-1.7%
Median home value$291,200$310,500+6.6%

How Gages Lake Compares

Economy & Housing

Household Income Distribution

Under $25K 7.5%
$25K-$50K 9.8%
$50K-$100K 29.4%
$100K+ 53.3%
Detailed income brackets
Under $10K
0.9%
$10K-$15K
0.8%
$15K-$20K
1.3%
$20K-$25K
4.6%
$25K-$30K
1.9%
$30K-$35K
3.0%
$35K-$40K
0.7%
$40K-$45K
2.8%
$45K-$50K
1.4%
$50K-$60K
6.2%
$60K-$75K
10.2%
$75K-$100K
13.0%
$100K-$125K
11.8%
$125K-$150K
10.2%
$150K-$200K
12.3%
$200K+
18.9%

Employment

9.0% Unemployment Rate State: 5.8%|National: 5.2%
72.3% Labor Force Participation

Housing Overview

Owner 83.0%
Renter 17.0%
Affordability Index Affordable
3.0x home value to income ratio
Median gross rent $1,693/mo 19.7% of median household income annually

People & Demographics

Diversity Index

53out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 61 | National average: 61

Education

Gages Lake Rankings in Illinois

#215 Population of 1,445
#216 Median Income of 1,374
#171 Education of 1,444
#164 Home Value of 1,372

Other Cities in Lake County

CityPopulationMedian IncomePovertyHome Value
Waukegan 89,076 $71,919 15.3% $190,900
Mundelein 31,915 $108,340 8.2% $309,700
North Chicago 30,643 $60,172 24.5% $159,600
Gurnee 30,510 $119,628 5.2% $344,300
Highland Park 30,398 $168,094 4.2% $607,300
Round Lake Beach 27,079 $86,059 14.8% $199,200
Vernon Hills 26,876 $121,943 6.1% $412,300
Zion 24,600 $63,104 16.0% $183,800
Grayslake 20,929 $113,972 6.3% $309,500
Libertyville 20,525 $165,667 4.2% $512,000

Cities Similar to Gages Lake

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Columbia11,127$107,606$293,00049.0%5.4%
Waterloo11,129$98,711$249,50037.3%5.9%
Pingree Grove10,914$114,294$320,80042.9%1.2%
Roscoe10,706$93,036$227,80032.5%5.5%
Troy11,647$112,434$268,00045.2%2.0%

Population Overview

Gages Lake is a small city located in Illinois, within Lake County. The total population is 10,819. It ranks as the 215th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Gages Lake is 39.8 years. This is 2% higher than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Gages Lake is $103,318. This is 24% higher than the state median of $83,390. It is also 28% higher than the national median of $80,734. The poverty rate stands at 7.0%. This is 41% lower than the state poverty rate of 11.8%. The unemployment rate is 9.0%. This is 54% higher than the state rate of 5.8%. The median home value is $310,500. Housing costs are 18% higher than the state median of $263,300. The home-value-to-income ratio is 3.0x. 83.0% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 67.1%.

Race & Ethnicity

The largest racial or ethnic group in Gages Lake is White (non-Hispanic), making up 65.8% of the population. Hispanic or Latino residents account for 14.7%. The Black or African American population (5.2%) is well below the state average of 13.3%.

Education

42.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 12% higher than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.0%. Notably, 16.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Gages Lake, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Gages Lake, Illinois?

Gages Lake, Illinois has a population of 10,819 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Gages Lake, IL?

The median household income in Gages Lake is $103,318, which is 28% higher than the national median of $80,734.

What is the poverty rate in Gages Lake, IL?

The poverty rate in Gages Lake is 7.0%. This means approximately 752 residents live below the federal poverty line.

What is the racial makeup of Gages Lake, Illinois?

Gages Lake's population is 65.8% White, 5.2% Black, 14.7% Hispanic/Latino, and 6.8% Asian.

What is the median home value in Gages Lake, IL?

The median home value in Gages Lake is $310,500. The home-value-to-income ratio is 3.0x.

How educated is Gages Lake, Illinois?

42.5% of adults (25+) in Gages Lake hold a bachelor's degree or higher, and 16.2% hold a graduate or professional degree.