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CITY · 2010 ACS

Third Lake

Illinois · 1,182 residents · 0.588 sq mi
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The short version

Third Lake is significantly wealthier than the US average, with a median household income of $122,596. Population has declined 13% since 2000. 63% of adults hold a bachelor's degree or higher, well above the national rate of 28%. Median home value is $308,300. Poverty is rare here, at 2.7% of residents. Households here earn about 120% more than the Illinois median.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 42.1
US median: 37.2
More educated
63% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
1,182
−13%since 2000
from 1,355 in 2000
1990 – 2025
Population density
2,010 / sq mi
−13%since 2000
from 2,304 / sq mi in 2000
US average: 261
Median age
42.1
+14%since 2000
from 36.8 in 2000
US average: 37.2
Population, 1990 – 2024
1K1K1K2K2K1990201020202024Third Lake
20241K
1990201020202024
Section 02

Income & economy

Median household income
$122,596
Unchangedinflation adjusted, since 2000
from $96,719 in 2000
US average: $52,703
1990 – 2024
Per capita income
$46,030
+32%since 2000
from $34,921 in 2000
US average: $27,286
Households earning $100K+
84.5%
+4.5 ptssince 2009
from 80.0% in 2009
US average: 33.3%
Poverty rate
2.7%
Unchangedsince 2000
from 2.7% in 2000
US average: 13.8%
Income inequality (Gini)
0.308
US average: 0.461
Workforce by industry, 2010
Retail trade20.2%
US avg: 10.9%
Wholesale trade8.5%
US avg: 7.2%
Other services7.8%
US avg: 7%
Information7.2%
US avg: 11.5%
Public administration5.8%
US avg: 4.9%
Transportation & warehousing3.4%
US avg: 3.1%
Finance & insurance2.8%
US avg: 5.1%
Professional, scientific, technical2.8%
US avg: 4.2%
Arts, entertainment, food0.5%
US avg: 2.4%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$308,300
+15%inflation adjusted, since 2000
from $211,000 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$1,841
+35%inflation adjusted, since 2000
from $1,075 in 2000
US average: $853
Owner-occupied
75.2%
−21.1 ptssince 2000
from 96.3% in 2000
5.3% rent
Vacancy rate
4.2%
+0.7 ptssince 2009
from 3.6% in 2009
US average: 12.1%
Owner cost-burdened
24.2%
+0.6 ptssince 2009
from 23.6% in 2009
US average: 30.9%
Renter cost-burdened
33.3%
−5.6 ptssince 2009
from 38.9% in 2009
US average: 46.8%
Afford Score
2.5
+15%since 2000
from 2.2 in 2000
1990 – 2024
RELATED:See current rent listings in Third Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.5%(1,267)
Black0.4%(5)
Hispanic / Latino3.3%(45)
Asian1.7%(23)
Other0%
Diversity Score13.1%(177)
2010
White, non-Hispanic91.1%(1,077)
Black0.3%(4)
Hispanic / Latino5.8%(69)
Asian1.3%(15)
Other1.5%(18)
Diversity Score20.9%(247)
Diversity Score
21
+60%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
63.1%
+8.2 ptssince 2000
from 54.9% in 2000
US average: 27.9%
High school or higher
96.9%
−0.5 ptssince 2000
from 97.4% in 2000
US average: 84.9%
Graduate degree
28.8%
+5.8 ptssince 2000
from 23.0% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
33.5 min
+46%since 2000
from 22.9 min in 2000
US average: 25.2
Drive alone to work
85.1%
+3.1 ptssince 2009
from 82.0% in 2009
US average: 76.2%
Carpooled to work
6.5%
Unchangedsince 2009
from 6.5% in 2009
US average: 10.4%
Public transit
3.3%
−1.4 ptssince 2009
from 4.7% in 2009
US average: 4.7%
Worked from home
3.8%
−1.0 ptssince 2009
from 4.8% in 2009
US average: 4.1%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.8%
Biked to work
0.5%
+0.5 ptssince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
1.5%
+0.2 ptssince 2009
from 1.2% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
14.1%
+0.5 ptssince 2009
from 13.5% in 2009
US average: 12.9%
Management & professional
56.4%
−16.6 ptssince 2009
from 73.1% in 2009
US average: 35.2%
Section 08

People & community

Male
51.0%
−1.5 ptssince 2009
from 52.5% in 2009
Female
49.0%
+1.5 ptssince 2009
from 47.5% in 2009
Foreign born
3.6%
−0.5 ptssince 2009
from 4.1% in 2009
US average: 12.8%
Veterans
6.9%
−44.7 ptssince 2009
from 51.6% in 2009
US average: 9.9%
Drill deeper

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Pop 1,014
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Head to head

Compare Third Lake to nearby cities

THIRD LAKE VS
Gages Lake
Income$103,318−16%
Home value$310,500+1%
Population10,819+881%
SEE FULL COMPARISON →
THIRD LAKE VS
Grayslake
Income$113,972−7%
Home value$309,500same
Population21,140+1817%
SEE FULL COMPARISON →
THIRD LAKE VS
Lindenhurst
Income$131,474+7%
Home value$294,100−5%
Population14,810+1243%
SEE FULL COMPARISON →
THIRD LAKE VS
Gurnee
Income$119,628−2%
Home value$344,300+12%
Population30,458+2661%
SEE FULL COMPARISON →
Frequently asked

How many people live in Third Lake, Illinois?

Third Lake, Illinois has about 1,182 residents according to the 2010 American Community Survey.

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

The typical household in Third Lake, Illinois earns about $122,596 a year. Half of households make more than that, and half make less.

Is Third Lake, Illinois expensive?

In Third Lake, Illinois, the median home is worth about $308,300, and the typical rent is about $1,841 a month.

How educated are people in Third Lake, Illinois?

About 63.1% of adults age 25 and over in Third Lake, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Third Lake, Illinois?

About 2.7% of people in Third Lake, Illinois live below the federal poverty line.

Has Third Lake, Illinois grown since 1990?

Yes, Third Lake, Illinois has shrunk since 1990. The population has lost about 66 residents, a change of about -5 percent over that period.

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

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