Lincolnshire, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Lincolnshire, Illinois had a total population of 7,980, the 264th largest village in Illinois, with a median household income of $185,580, which is 123% higher than the state average. The poverty rate is 5.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 123% above the state average — one of the wealthiest communities in Illinois.
- 77.0% of adults hold a bachelor's degree or higher — top 10% in Illinois.
- Near full employment with an unemployment rate of just 2.2%.
Lincolnshire Quick Facts
How Lincolnshire 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 | 7,937 | 7,980 | +0.5% |
| Median household income | $179,735 | $185,580 | +3.3% |
| Median home value | $625,800 | $677,700 | +8.3% |
How Lincolnshire 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+)
Lincolnshire 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 Lincolnshire
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Oak Brook | 8,056 | $175,870 | $903,200 | 66.4% | 6.6% |
| Inverness | 7,275 | $207,434 | $715,600 | 68.5% | 2.6% |
| Long Grove | 8,305 | $250,000+ | $804,600 | 75.7% | 1.2% |
| Gilberts | 8,606 | $146,333 | $347,300 | 49.5% | 5.5% |
| Riverside | 9,039 | $153,686 | $491,400 | 72.5% | 3.3% |
Population Overview
Lincolnshire is a small city located in Illinois, within Lake County. The total population is 7,980. It ranks as the 264th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Lincolnshire is 49.4 years. This is 27% higher than the state median of 39.0 years. 14.8% 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 Lincolnshire is $185,580. This is 123% higher than the state median of $83,390. It is also 130% higher than the national median of $80,734. The poverty rate stands at 5.2%. This is 56% lower than the state poverty rate of 11.8%. The unemployment rate is 2.2%. This is 62% lower than the state rate of 5.8%. The median home value is $677,700. Housing costs are 157% higher than the state median of $263,300. The home-value-to-income ratio is 3.7x. 78.2% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Lincolnshire is White (non-Hispanic), making up 69.3% of the population. Asian residents account for 24.0%. The Black or African American population (1.4%) is well below the state average of 13.3%. The Hispanic or Latino population (1.6%) is well below the state average of 18.8%. The Asian population is significantly higher than the state average (24.0% vs 5.9%).
Education
77.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Lincolnshire in the top 10% of all cities in the state for educational attainment. This is 104% 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 97.5%. Notably, 41.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lincolnshire, 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 Lincolnshire, Illinois?
Lincolnshire, Illinois has a population of 7,980 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lincolnshire, IL?
The median household income in Lincolnshire is $185,580, which is 130% higher than the national median of $80,734.
What is the poverty rate in Lincolnshire, IL?
The poverty rate in Lincolnshire is 5.2%. This means approximately 401 residents live below the federal poverty line.
What is the racial makeup of Lincolnshire, Illinois?
Lincolnshire's population is 69.3% White, 1.4% Black, 1.6% Hispanic/Latino, and 24.0% Asian.
What is the median home value in Lincolnshire, IL?
The median home value in Lincolnshire is $677,700. The home-value-to-income ratio is 3.7x.
How educated is Lincolnshire, Illinois?
77.0% of adults (25+) in Lincolnshire hold a bachelor's degree or higher, and 41.1% hold a graduate or professional degree.