Lake Barrington village, Illinois Demographics & Population 2026

Population Overview

Lake Barrington village is a small city located in Illinois. The total population is 5,400. It ranks as the 324th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Lake Barrington village is 52.7 years. This is 35% higher than the state median of 38.9 years. 17.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Lake Barrington village is $132,857. This is 63% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 69% higher. The poverty rate stands at 6.2%. This is 47% lower than the state poverty rate of 11.7%. The unemployment rate is 5.7%. This is 1% lower than the state rate of 5.8%. The median home value is $451,400. Housing costs are 80% higher than the state median of $250,500. The home-value-to-income ratio is 3.4x. 89.1% of occupied housing units are owner-occupied. This homeownership rate is 33% higher than the state average of 66.8%.

Race & Ethnicity

Lake Barrington village has a predominantly White (non-Hispanic) population, comprising 87.8% of all residents. Asian residents account for 5.8%. The Hispanic or Latino population (2.2%) is well below the state average of 18.5%.

Education

62.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Lake Barrington village in the top 10% of all cities in the state for educational attainment. This is 68% higher than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.7%. Notably, 26.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lake Barrington village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.