Lake Villa village, Illinois Demographics & Population 2026

Population Overview

Lake Villa village is a small city located in Illinois. The total population is 8,707. It ranks as the 250th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Lake Villa village is 40.3 years. This is 4% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Lake Villa village is $111,110. This is 36% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 41% higher. The poverty rate stands at 3.3%. This is 72% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 6.4%. This is 10% higher than the state rate of 5.8%. The median home value is $325,900. Housing costs are 30% higher than the state median of $250,500. With a home-value-to-income ratio of just 2.9x, Lake Villa village is one of the most affordable housing markets in the area. 70.0% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Lake Villa village is White (non-Hispanic), making up 68.3% of the population. Hispanic or Latino residents account for 14.2%. The Black or African American population (6.1%) is well below the state average of 13.6%.

Education

48.6% of residents aged 25 and older hold a bachelor's degree or higher. This places Lake Villa village in the top 10% of all cities in the state for educational attainment. This is 31% 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 95.3%. Notably, 20.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lake Villa 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.