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CITY

Tower Lakes

Illinois · 1,201 residents (2025 est.) · 0.919 sq mi
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The short version

Tower Lakes is significantly wealthier than the US average, with a median household income of $154,167. Population has fallen 16% since 2000, a loss of 204 residents. 76% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $510,300. With a median age of 48.8, the population is older than the US median of 38.9. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 48.8
US median: 38.9
More educated
76% hold a bachelor's degree
US average: 36%
More affordable
home values down 21%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,106
−16%since 2000
from 1,310 in 2000
1990 – 2025
Population density
1,203 / sq mi
−16%since 2000
from 1,425 / sq mi in 2000
US average: 281
Median age
48.8
+18%since 2000
from 41.5 in 2000
US average: 38.9

PEP 2025 EST:1,201 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
1K1K1K1K2K1990201020202024Tower Lakes
20241K
1990201020202024
Section 02

Income & economy

Median household income
$154,167
−35%inflation adjusted, since 2000
from $130,388 in 2000
US average: $82,259
1990 – 2024
Per capita income
$75,857
+46%since 2000
from $52,025 in 2000
US average: $44,673
Households earning $100K+
79.2%
−0.2 ptssince 2009
from 79.4% in 2009
US average: 53.3%
Poverty rate
2.0%
−0.1 ptssince 2000
from 2.1% in 2000
US average: 12.5%
Income inequality (Gini)
0.410
+2%since 2010
from 0.402 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade16.8%
US avg: 9.9%
Information12%
US avg: 10.8%
Wholesale trade8.9%
US avg: 6.9%
Other services5.8%
US avg: 6.7%
Public administration5.8%
US avg: 4.8%
Transportation & warehousing3.9%
US avg: 2.2%
Finance & insurance2.7%
US avg: 5.9%
Professional, scientific, technical2.7%
US avg: 5.1%
Arts, entertainment, food2.7%
US avg: 1.9%
Agriculture, forestry, fishing0.8%
US avg: 1.6%
Construction0.8%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$510,300
−21%inflation adjusted, since 2000
from $356,700 in 2000
US average: $376,019
1990 – 2024
Owner-occupied
96.9%
−1.8 ptssince 2000
from 98.7% in 2000
3.1% rent
Vacancy rate
2.3%
−0.2 ptssince 2009
from 2.5% in 2009
US average: 10.0%
Owner cost-burdened
24.7%
−12.9 ptssince 2009
from 37.6% in 2009
US average: 22.9%
Renter cost-burdened
61.5%
+61.5 ptssince 2010
from 0.0% in 2010
US average: 47.4%
Afford Score
3.3
+21%since 2000
from 2.7 in 2000
1990 – 2024
Gentrification Score
30
RELATED:See current rent listings in Tower Lakes on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.6%(1,266)
Black0.3%(4)
Hispanic / Latino1.4%(18)
Asian0.8%(10)
Other0%
Diversity Score6.1%(79)
2024
White, non-Hispanic85.6%(947)
Black0%(0)
Hispanic / Latino6.6%(73)
Asian2.4%(26)
Other5.4%(60)
Diversity Score32.4%(358)
Diversity Score
32
+435%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
76.4%
+11.9 ptssince 2000
from 64.5% in 2000
US average: 35.6%
High school or higher
100.0%
+1.3 ptssince 2000
from 98.7% in 2000
US average: 89.6%
Graduate degree
33.7%
+5.6 ptssince 2000
from 28.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
35.0 min
+7%since 2000
from 32.7 min in 2000
US average: 26.5
Drive alone to work
61.8%
−16.6 ptssince 2009
from 78.3% in 2009
US average: 68.9%
Carpooled to work
1.5%
−0.6 ptssince 2009
from 2.2% in 2009
US average: 8.5%
Public transit
4.6%
−3.7 ptssince 2009
from 8.3% in 2009
US average: 3.2%
Worked from home
26.6%
+16.6 ptssince 2009
from 10.0% in 2009
US average: 15.0%
Walked to work
0.0%
−0.7 ptssince 2009
from 0.7% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.8%
−2.5 ptssince 2011
from 5.3% in 2011
US average: 5.2%
Labor force participation
62.2%
−2.4 ptssince 2011
from 64.6% in 2011
US average: 63.5%
Self-employed
10.0%
+5.2 ptssince 2009
from 4.8% in 2009
US average: 13.1%
Management & professional
65.4%
−7.1 ptssince 2009
from 72.6% in 2009
US average: 42.5%
Section 08

People & community

Male
52.1%
+2.1 ptssince 2009
from 49.9% in 2009
Female
47.9%
−2.1 ptssince 2009
from 50.1% in 2009
Foreign born
9.5%
−0.8 ptssince 2009
from 10.3% in 2009
US average: 14.1%
Veterans
3.7%
−45.9 ptssince 2009
from 49.6% in 2009
US average: 6.2%
With a disability
7.3%
+2.5 ptssince 2012
from 4.8% in 2012
US average: 13.3%
Uninsured
1.0%
−94.9 ptssince 2013
from 95.9% in 2013
US average: 8.4%
Broadband at home
96.7%
+4.6 ptssince 2017
from 92.1% in 2017
US average: 91.0%
English only at home
89.7%
−4.8 ptssince 2016
from 94.4% in 2016
US average: 77.7%
Spanish at home
3.7%
+2.1 ptssince 2016
from 1.6% in 2016
US average: 13.6%
Drill deeper

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Compare Tower Lakes to nearby cities

TOWER LAKES VS
Wauconda
Income$111,239−28%
Home value$278,600−45%
Population13,993+1065%
SEE FULL COMPARISON →
TOWER LAKES VS
Lake Zurich
Income$135,968−12%
Home value$435,300−15%
Population19,868+1554%
SEE FULL COMPARISON →
TOWER LAKES VS
Island Lake
Income$103,156−33%
Home value$262,500−49%
Population8,047+570%
SEE FULL COMPARISON →
TOWER LAKES VS
Hawthorn Woods
Income$219,631+42%
Home value$619,100+21%
Population9,679+706%
SEE FULL COMPARISON →
Frequently asked

How many people live in Tower Lakes, Illinois?

Tower Lakes, Illinois has about 1,106 residents according to the 2024 American Community Survey.

What is the median household income in Tower Lakes, Illinois?

The typical household in Tower Lakes, Illinois earns about $154,167 a year. Half of households make more than that, and half make less.

Is Tower Lakes, Illinois expensive?

In Tower Lakes, Illinois, the median home is worth about $510,300.

How educated are people in Tower Lakes, Illinois?

About 76.4% of adults age 25 and over in Tower Lakes, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Tower Lakes, Illinois?

About 2.0% of people in Tower Lakes, Illinois live below the federal poverty line.

Has Tower Lakes, Illinois grown since 1990?

Yes, Tower Lakes, Illinois has shrunk since 1990. The population has lost about 227 residents, a change of about -17 percent over that period.

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

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