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CITY · 2020 ACS

Forest Lake

Illinois · 1,784 residents · 0.35 sq mi
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The short version

Forest Lake is significantly wealthier than the US average, with a median household income of $87,232. Population has grown 17% since 2000. Median home value has risen by half since 2000, reaching $303,800. Poverty is rare here, at 3.0% of residents. Households here earn about 27% more than the Illinois median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 41.9
US median: 38.8
Average education
36% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,784
+17%since 2000
from 1,530 in 2000
1990 – 2024
Population density
5,097 / sq mi
+17%since 2000
from 4,371 / sq mi in 2000
US average: 280
Median age
41.9
+14%since 2000
from 36.6 in 2000
US average: 38.8
Population, 1990 – 2024
1K1K2K2K2K1990201020202024Forest Lake
20242K
1990201020202024
Section 02

Income & economy

Median household income
$87,232
−26%inflation adjusted, since 2000
from $78,428 in 2000
US average: $66,278
1990 – 2024
Per capita income
$42,782
+49%since 2000
from $28,737 in 2000
US average: $35,364
Households earning $100K+
69.4%
+11.6 ptssince 2009
from 57.8% in 2009
US average: 43.9%
Poverty rate
3.0%
+0.1 ptssince 2000
from 3.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Information34.3%
US avg: 11.1%
Other services12.3%
US avg: 6.6%
Public administration10.6%
US avg: 4.7%
Retail trade7.2%
US avg: 10%
Finance & insurance4.3%
US avg: 5.5%
Professional, scientific, technical4.3%
US avg: 4.7%
Wholesale trade3.7%
US avg: 6.7%
Transportation & warehousing1.5%
US avg: 2.5%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$303,800
+7%inflation adjusted, since 2000
from $189,700 in 2000
US average: $265,253
1990 – 2024
Owner-occupied
90.2%
−0.3 ptssince 2000
from 90.5% in 2000
9.8% rent
Afford Score
3.5
+44%since 2000
from 2.4 in 2000
1990 – 2024
RELATED:See current rent listings in Forest Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic92.3%(1,412)
Black0.4%(6)
Hispanic / Latino4.8%(74)
Asian0.9%(14)
Other0%
Diversity Score14.8%(226)
2020
White, non-Hispanic82.3%(1,468)
Black0.7%(12)
Hispanic / Latino7.6%(136)
Asian4.4%(79)
Other0%(0)
Diversity Score30.2%(538)
Diversity Score
30
+104%since 2000
from 15 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
35.5%
−5.0 ptssince 2000
from 40.6% in 2000
US average: 32.9%
High school or higher
77.4%
−16.9 ptssince 2000
from 94.3% in 2000
US average: 88.5%
Graduate degree
11.9%
+4.5 ptssince 2000
from 7.4% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
28.4 min
+33%since 2000
from 21.3 min in 2000
US average: 26.9
Drive alone to work
96.4%
+21.1 ptssince 2009
from 75.2% in 2009
US average: 75.1%
No vehicle available
0.0%
−3.6 ptssince 2009
from 3.6% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.2%
+2.5 ptssince 2011
from 3.7% in 2011
US average: 5.4%
Labor force participation
88.2%
+8.9 ptssince 2011
from 79.3% in 2011
US average: 63.4%
Management & professional
30.2%
−47.3 ptssince 2009
from 77.6% in 2009
US average: 39.3%
Section 08

People & community

Male
48.1%
−0.8 ptssince 2009
from 48.8% in 2009
Female
51.9%
+0.8 ptssince 2009
from 51.2% in 2009
Foreign born
19.2%
−8.5 ptssince 2009
from 27.7% in 2009
US average: 13.5%
Uninsured
0.0%
−91.6 ptssince 2013
from 91.6% in 2013
US average: 8.8%
Drill deeper

Places similar to Forest Lake

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Pop 1,857
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Pop 1,836
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Pop 2,015
Chuluota
Pop 2,187
Places similar to Forest Lake
Head to head

Compare Forest Lake to nearby cities

FOREST LAKE VS
Hawthorn Woods
Income$219,631+152%
Home value$619,100+104%
Population9,679+419%
SEE FULL COMPARISON →
FOREST LAKE VS
Lake Zurich
Income$135,968+56%
Home value$435,300+43%
Population19,868+965%
SEE FULL COMPARISON →
FOREST LAKE VS
Long Grove
Income$250,001+187%
Home value$804,600+165%
Population8,343+347%
SEE FULL COMPARISON →
FOREST LAKE VS
Mundelein
Income$108,340+24%
Home value$309,700+2%
Population32,680+1652%
SEE FULL COMPARISON →
Frequently asked

How many people live in Forest Lake, Illinois?

Forest Lake, Illinois has about 1,784 residents according to the 2020 American Community Survey.

What is the median household income in Forest Lake, Illinois?

The typical household in Forest Lake, Illinois earns about $87,232 a year. Half of households make more than that, and half make less.

Is Forest Lake, Illinois expensive?

In Forest Lake, Illinois, the median home is worth about $303,800.

How educated are people in Forest Lake, Illinois?

About 35.5% of adults age 25 and over in Forest Lake, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Forest Lake, Illinois?

About 3.0% of people in Forest Lake, Illinois live below the federal poverty line.

Has Forest Lake, Illinois grown since 1990?

Yes, Forest Lake, Illinois has grown since 1990. The population has added about 420 residents, a change of about 31 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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