CensusEasy
CITY · 2020 ACS

Tower Lakes

Illinois · 1,226 residents · 0.919 sq mi
Time machine
COMPARE TO
Part of the Chicago metro area
Compare
The short version

Tower Lakes is significantly wealthier than the US average, with a median household income of $143,250. Population has declined 6% since 2000. 76% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $470,400. With a median age of 47.3, the population is older than the US median of 38.8. Households here earn about 109% more than the Illinois median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 47.3
US median: 38.8
More educated
76% hold a bachelor's degree
US average: 33%
More affordable
home values down 12%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,226
−6%since 2000
from 1,310 in 2000
1990 – 2025
Population density
1,334 / sq mi
−6%since 2000
from 1,425 / sq mi in 2000
US average: 280
Median age
47.3
+14%since 2000
from 41.5 in 2000
US average: 38.8
Population, 1990 – 2024
1K1K1K1K2K1990201020202024Tower Lakes
20241K
1990201020202024
Section 02

Income & economy

Median household income
$143,250
−27%inflation adjusted, since 2000
from $130,388 in 2000
US average: $66,278
1990 – 2024
Per capita income
$67,989
+31%since 2000
from $52,025 in 2000
US average: $35,364
Households earning $100K+
75.4%
−4.0 ptssince 2009
from 79.4% in 2009
US average: 43.9%
Poverty rate
2.6%
+0.6 ptssince 2000
from 2.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Other services14.2%
US avg: 6.6%
Public administration13.5%
US avg: 4.7%
Wholesale trade13%
US avg: 6.7%
Retail trade9.9%
US avg: 10%
Information5.9%
US avg: 11.1%
Finance & insurance4.2%
US avg: 5.5%
Professional, scientific, technical3.5%
US avg: 4.7%
Transportation & warehousing1.5%
US avg: 2.5%
Agriculture, forestry, fishing1.3%
US avg: 1.7%
Construction1.3%
US avg: 1.2%
Arts, entertainment, food1%
US avg: 2%
Education & health services0.7%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$470,400
−12%inflation adjusted, since 2000
from $356,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$2,250
+9%inflation adjusted, since 2000
from $1,375 in 2000
US average: $1,124
Owner-occupied
95.0%
−3.7 ptssince 2000
from 98.7% in 2000
5.0% rent
Afford Score
3.3
+20%since 2000
from 2.7 in 2000
1990 – 2024
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)
2020
White, non-Hispanic85.6%(1,050)
Black1.2%(15)
Hispanic / Latino4.8%(59)
Asian2.6%(32)
Other1.6%(20)
Diversity Score24.9%(305)
Diversity Score
25
+311%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
75.7%
+11.3 ptssince 2000
from 64.5% in 2000
US average: 32.9%
High school or higher
99.6%
+0.9 ptssince 2000
from 98.7% in 2000
US average: 88.5%
Graduate degree
26.3%
−1.8 ptssince 2000
from 28.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
39.3 min
+20%since 2000
from 32.7 min in 2000
US average: 26.9
Drive alone to work
80.7%
+2.4 ptssince 2009
from 78.3% in 2009
US average: 75.1%
No vehicle available
0.7%
+0.7 ptssince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.6%
−2.7 ptssince 2011
from 5.3% in 2011
US average: 5.4%
Labor force participation
60.9%
−3.6 ptssince 2011
from 64.6% in 2011
US average: 63.4%
Management & professional
59.5%
−13.1 ptssince 2009
from 72.6% in 2009
US average: 39.3%
Section 08

People & community

Male
49.4%
−0.5 ptssince 2009
from 49.9% in 2009
Female
50.6%
+0.5 ptssince 2009
from 50.1% in 2009
Foreign born
4.7%
−5.6 ptssince 2009
from 10.3% in 2009
US average: 13.5%
Uninsured
1.0%
−94.9 ptssince 2013
from 95.9% in 2013
US average: 8.8%
Drill deeper

Places similar to Tower Lakes

St. George Island
Pop 1,133
Rehoboth Beach
Pop 1,309
Seville
Pop 1,014
Southport
Pop 873
Places similar to Tower Lakes
Head to head

Compare Tower Lakes to nearby cities

TOWER LAKES VS
Wauconda
Income$111,239−22%
Home value$278,600−41%
Population13,993+1065%
SEE FULL COMPARISON →
TOWER LAKES VS
Lake Zurich
Income$135,968−5%
Home value$435,300−7%
Population19,868+1554%
SEE FULL COMPARISON →
TOWER LAKES VS
Island Lake
Income$103,156−28%
Home value$262,500−44%
Population8,047+570%
SEE FULL COMPARISON →
TOWER LAKES VS
Hawthorn Woods
Income$219,631+53%
Home value$619,100+32%
Population9,679+706%
SEE FULL COMPARISON →
Frequently asked

How many people live in Tower Lakes, Illinois?

Tower Lakes, Illinois has about 1,226 residents according to the 2020 American Community Survey.

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

The typical household in Tower Lakes, Illinois earns about $143,250 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 $470,400, and the typical rent is about $2,250 a month.

How educated are people in Tower Lakes, Illinois?

About 75.7% 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 2.6% 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 107 residents, a change of about -8 percent over that period.

Keep going

Explore from here

Up the hierarchy
Illinois
Rankings
Highest income citiesFastest growing citiesMost educated cities
Compare
Compare Tower Lakes with another place

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

How we source and harmonize this data →