Lake County, Illinois

Income Data

+59% vs. Illinois average
$108,917
Median Household Income
$55,756
Per Capita Income

At a Glance

Median Household Income
$108,917
+59% vs. state avg
Per Capita Income
$55,756
+41% vs. national
Income-to-Housing Ratio
33.3%
income as % of home value
Rank in Illinois
#3 / 102
by median household income

How Lake County Compares

Lake County$108,917
Illinois Average$68,580
National Median$74,755

Detailed Income Statistics

$108,917
Median Household Income
$55,756
Per Capita Income
$326,600
Median Home Value
33.3%
Income-to-Housing Ratio

Data Story

About Household Income in Lake County, Illinois

Lake County's income leads the nation

Lake County's median household income of $108,917 towers 46% above the national median of $74,755, placing it among the wealthiest counties in America. The county's per capita income of $55,756 nearly doubles the national average, reflecting a highly prosperous workforce.

Illinois' wealthiest county by far

Lake County ranks at the top of Illinois counties with a median household income 59% higher than the state average of $68,580. Its per capita income of $55,756 outpaces the state average by 55%, establishing it as the economic engine of Illinois.

Vastly outpaces surrounding regions

Lake County's $108,917 median income dwarfs neighboring LaSalle County ($72,281) and Lee County ($68,459), reflecting fundamentally different economic bases. The $40,000+ income gap between Lake and its nearest competitor underscores the county's unique position as a high-wage regional hub.

Healthy housing affordability cushion

Lake County residents spend just 15.8% of income on rent, well below the 30% affordability threshold and leaving substantial room for other expenses. With a median home value of $326,600 and strong incomes, homeownership remains achievable for middle-class families despite higher absolute housing costs.

Leverage Lake County's income advantage

With incomes 46% above the national average, Lake County households have exceptional capacity to invest in retirement accounts, education, and wealth-building opportunities. Now is the time to maximize 401(k) contributions, open a Roth IRA, or consult a financial advisor about investment strategies that match your long-term goals.

Frequently Asked Questions

What is the median household income in Lake County, Illinois?
The median household income in Lake County, Illinois is $108,917, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lake County?
The per capita income in Lake County is $55,756, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $108,917.
How does Lake County compare to the Illinois average?
Lake County's median household income of $108,917 is higher than the Illinois state average of $68,580. The per capita income is $55,756, compared to the state average of $36,009.
What is the per capita income in Lake County, Illinois?
The per capita income in Lake County, Illinois is $55,756, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Lake County income higher than the Illinois average?
Lake County's median household income of $108,917 is higher than the Illinois average of $68,580. This difference of $40,337 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Lake County rank for income in Illinois?
Lake County ranks #3 out of 102 counties in Illinois by median household income (1 = highest). With a median household income of $108,917 and per capita income of $55,756, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Lake County

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Your income is above the Lake County median

County median: $108,917 per year

vs. County Median

+0%

vs. State Average

+59%

vs. National Median

+46%

vs. Lake County MedianAbout equal
vs. Illinois Average59% above
vs. National Median46% above

Income Adequacy

Monthly income covers median rent6.3x

Your monthly income ($9,076) vs. median rent ($1,434/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.