COMPARING TWO PLACES
Third Lake vs Grayslake
PLACE A
Third Lake, Illinois
VS
PLACE B
Grayslake, Illinois
Third Lake is 95% smaller than Grayslake. Third Lake earns more, with a median household income $36,167 higher. Grayslake has grown faster since 2000 (1% vs -6%).
THIRD LAKEGRAYSLAKEDIFFERENCE
Total population1,10321,140−95% vs Grayslake
Population density1,8761,937−61
Population growth-6.0%1.4%−7.4 pts
Median age52.237.2+15.0
Male54.4%51.6%+2.8 pts
Female45.6%48.4%−2.8 pts
Foreign-born7.1%9.6%−2.5 pts
White, non-Hispanic82.2%71.1%+11.1 pts
Black0.1%8.5%−8.4 pts
Hispanic / Latino11.7%10.2%+1.5 pts
Asian2.2%5.1%−2.9 pts
Other3.8%5.1%−1.3 pts
Median household income$150,139$113,972+$36,167
Per capita income$67,094$55,937+$11,157
Poverty rate2.0%6.3%−4.3 pts
Income inequality (Gini)0.3240.413−0.1
Bachelor's degree or higher69.1%58.5%+10.6 pts
Graduate degree29.9%23.7%+6.2 pts
Unemployment rate2.3%5.4%−3.1 pts
Labor force participation62.7%73.0%−10.3 pts
Median home value$361,500$309,500+$52,000
Median gross rent$1,125$1,485−$360
Owner-occupied99.1%78.2%+21.0 pts
Housing vacancy rate3.7%3.8%−0.0 pts
Rent-burdened households0.0%48.9%−48.9 pts
Average commute29.827.2+2.5
Worked from home20.9%19.9%+1.0 pts
Public transit to work3.2%2.0%+1.1 pts
Uninsured0.4%3.0%−2.6 pts
Population, 1990 – 2025