Lake Villa, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Lake Villa, Illinois had a total population of 8,683, the 248th largest village in Illinois, with a median household income of $118,750, which is 42% higher than the state average. The poverty rate is 3.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 42% above the state average — one of the wealthiest communities in Illinois.
- An exceptionally low poverty rate of 3.2% — among the lowest in Illinois.
- 55.6% of adults hold a bachelor's degree or higher — top 10% in Illinois.
Lake Villa Quick Facts
How Lake Villa Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 8,707 | 8,683 | -0.3% |
| Median household income | $111,110 | $118,750 | +6.9% |
| Median home value | $325,900 | $351,700 | +7.9% |
How Lake Villa Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake Villa Rankings in Illinois
Explore Illinois Rankings
Other Cities in Lake County
| City | Population | Median Income | Poverty | Home 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 Lake Villa
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Clarendon Hills | 8,659 | $130,388 | $605,800 | 72.3% | 8.4% |
| Sugar Grove | 9,240 | $121,207 | $401,900 | 45.9% | 4.7% |
| Rockton | 7,974 | $119,058 | $235,400 | 38.4% | 5.5% |
| Itasca | 9,355 | $114,294 | $390,800 | 52.9% | 2.0% |
| Gilberts | 8,606 | $146,333 | $347,300 | 49.5% | 5.5% |
Population Overview
Lake Villa is a small city located in Illinois, within Lake County. The total population is 8,683. It ranks as the 248th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Lake Villa is 40.4 years. This is 4% higher than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Lake Villa is $118,750. This is 42% higher than the state median of $83,390. It is also 47% higher than the national median of $80,734. The poverty rate stands at 3.2%. This is 73% lower than the state poverty rate of 11.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.9%. This is 17% lower than the state rate of 5.8%. The median home value is $351,700. Housing costs are 34% higher than the state median of $263,300. The home-value-to-income ratio is 3.0x. 74.3% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Lake Villa is White (non-Hispanic), making up 68.9% of the population. Hispanic or Latino residents account for 15.3%. The Black or African American population (3.9%) is well below the state average of 13.3%.
Education
55.6% of residents aged 25 and older hold a bachelor's degree or higher. This places Lake Villa in the top 10% of all cities in the state for educational attainment. This is 47% 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 95.9%. Notably, 20.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lake Villa, 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 Lake Villa, Illinois?
Lake Villa, Illinois has a population of 8,683 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Villa, IL?
The median household income in Lake Villa is $118,750, which is 47% higher than the national median of $80,734.
What is the poverty rate in Lake Villa, IL?
The poverty rate in Lake Villa is 3.2%. This means approximately 276 residents live below the federal poverty line.
What is the racial makeup of Lake Villa, Illinois?
Lake Villa's population is 68.9% White, 3.9% Black, 15.3% Hispanic/Latino, and 7.7% Asian.
What is the median home value in Lake Villa, IL?
The median home value in Lake Villa is $351,700. The home-value-to-income ratio is 3.0x.
How educated is Lake Villa, Illinois?
55.6% of adults (25+) in Lake Villa hold a bachelor's degree or higher, and 20.3% hold a graduate or professional degree.