The median household income in Lake Forest, IL in 2022 was $196,137, which was 60.9% greater than the median annual income of $76,708 across the entire state of Illinois. Compared to the median income of $136,462 in 2000 this represents an increase of 30.4%. The per capita income in 2022 was $103,021, which means an increase of 25.2% compared to 2000 when it was $77,092.
Whole page based on the data from 2000 / 2022 when the population of Lake Forest, Illinois was 20,059 / 19,327
Income statistics for all residents
Median household income in Lake Forest, IL in 2022:
Lake Forest:
$196,138
State:
$76,708
Change in median household income between 2000 and 2022:
Lake Forest, Illinois:
+43.7%
State:
+64.6%
Number of households with income < $10k:
Lake Forest:
2.8% (191)
Illinois:
5.9% (296,090)
Number of households with income $10k - 20k:
Lake Forest:
0.7% (49)
State:
6.6% (333,259)
Number of households with income $20k - 30k:
Lake Forest:
3.4% (234)
State:
6.8% (342,921)
Number of households with income $30k - 40k:
Lake Forest:
2.7% (186)
State:
7.0% (355,254)
Number of households with income $40k - 50k:
Lake Forest:
2.4% (165)
Illinois:
6.7% (340,678)
Number of households with income $50k - 60k:
Lake Forest:
4.6% (318)
State:
6.7% (339,405)
Number of households with income $60k - 75k:
Lake Forest:
4.8% (330)
State:
9.2% (465,709)
Number of households with income $75k - 100k:
Lake Forest:
8.3% (577)
State:
12.9% (651,353)
Number of households with income $100k - 125k:
Lake Forest:
6.8% (474)
Illinois:
10.3% (522,359)
Number of households with income $125k - 150k:
Lake Forest:
5.1% (350)
Illinois:
7.3% (367,136)
Number of households with income $150k - 200k:
Lake Forest:
9.3% (643)
State:
9.0% (455,249)
Number of households with income > $200k:
Lake Forest:
49.2% (3,404)
Illinois:
11.6% (586,947)
Aggregate household income in Lake Forest in 2022: $1,962,497,955
Median family income in Lake Forest in 2022:
Lake Forest:
$231,204
State:
$96,948
Number of families with income < $10k:
Lake Forest:
1.0% (50)
State:
3.4% (105,875)
Number of families with income $10k - 20k:
Lake Forest:
0.4% (21)
Illinois:
3.3% (105,017)
Number of families with income $20k - 30k:
Lake Forest:
1.8% (91)
Illinois:
4.7% (146,403)
Number of families with income $30k - 40k:
Lake Forest:
0.7% (37)
Illinois:
5.3% (167,069)
Number of families with income $40k - 50k:
Lake Forest:
1.5% (74)
State:
5.8% (181,164)
Number of families with income $50k - 60k:
Lake Forest:
2.1% (108)
State:
6.1% (191,561)
Number of families with income $60k - 75k:
Lake Forest:
3.5% (176)
State:
9.0% (282,985)
Number of families with income $75k - 100k:
Lake Forest:
8.7% (443)
State:
13.8% (432,725)
Number of families with income $100k - 125k:
Lake Forest:
7.5% (379)
Illinois:
11.9% (373,296)
Number of families with income $125k - 150k:
Lake Forest:
5.2% (264)
State:
8.9% (279,791)
Number of families with income $150k - 200k:
Lake Forest:
9.8% (500)
State:
11.9% (372,004)
Number of families with income > $200k:
Lake Forest:
57.8% (2,938)
Illinois:
15.9% (500,033)
Median non-family income in Lake Forest in 2022:
Lake Forest:
$78,410
Illinois:
$46,533
Change in median non-family income between 2000 and 2022:
Lake Forest, Illinois:
+59.5%
State:
+64.0%
Median per capita income in Lake Forest in 2022:
Lake Forest:
$103,021
Illinois:
$43,317
Change in median per capita income between 2000 and 2022:
Lake Forest, Illinois:
+33.6%
State:
+87.5%
Income statistics for White residents
Median household income in Lake Forest, IL in 2022:
Lake Forest:
$216,209
Illinois:
$83,346
Change in median household income between 2000 and 2022:
Lake Forest, Illinois:
+57.1%
State:
+67.5%
Number of households with income < $10k:
Lake Forest:
3.0% (174)
State:
4.5% (149,895)
Number of households with income $10k - 20k:
Lake Forest:
0.4% (24)
State:
5.5% (184,529)
Number of households with income $20k - 30k:
Lake Forest:
2.4% (141)
State:
6.1% (205,767)
Number of households with income $30k - 40k:
Lake Forest:
3.1% (182)
State:
6.7% (225,572)
Number of households with income $40k - 50k:
Lake Forest:
2.6% (151)
Illinois:
6.5% (216,965)
Number of households with income $50k - 60k:
Lake Forest:
4.9% (286)
State:
6.6% (222,841)
Number of households with income $60k - 75k:
Lake Forest:
3.6% (212)
State:
9.3% (312,758)
Number of households with income $75k - 100k:
Lake Forest:
8.0% (473)
Illinois:
12.9% (433,180)
Number of households with income $100k - 125k:
Lake Forest:
5.2% (306)
State:
10.7% (360,753)
Number of households with income $125k - 150k:
Lake Forest:
6.3% (371)
Illinois:
7.9% (266,532)
Number of households with income $150k - 200k:
Lake Forest:
9.3% (549)
State:
10.0% (337,357)
Number of households with income > $200k:
Lake Forest:
51.3% (3,023)
State:
13.3% (446,069)
Aggregate household income in Lake Forest in 2022: $1,737,306,216
Median family income in Lake Forest in 2022:
Lake Forest:
$245,841
State:
$107,938
Number of families with income < $10k:
Lake Forest:
1.1% (47)
State:
2.2% (45,983)
Number of families with income $20k - 30k:
Lake Forest:
0.8% (34)
Illinois:
3.5% (70,927)
Number of families with income $30k - 40k:
Lake Forest:
0.6% (27)
State:
4.4% (90,563)
Number of families with income $40k - 50k:
Lake Forest:
1.6% (66)
State:
5.0% (102,597)
Number of families with income $50k - 60k:
Lake Forest:
2.0% (85)
State:
5.8% (119,129)
Number of families with income $60k - 75k:
Lake Forest:
2.1% (90)
State:
8.8% (179,665)
Number of families with income $75k - 100k:
Lake Forest:
7.9% (329)
Illinois:
13.5% (276,887)
Number of families with income $100k - 125k:
Lake Forest:
5.3% (224)
Illinois:
12.5% (256,099)
Number of families with income $125k - 150k:
Lake Forest:
6.4% (269)
Illinois:
9.8% (199,855)
Number of families with income $150k - 200k:
Lake Forest:
10.4% (435)
Illinois:
13.4% (274,569)
Number of families with income > $200k:
Lake Forest:
61.7% (2,584)
Illinois:
18.6% (381,354)
Median non-family income in Lake Forest in 2022:
Lake Forest:
$80,016
Illinois:
$50,934
Change in median non-family income between 2000 and 2022:
Lake Forest, Illinois:
+60.3%
State:
+70.7%
Median per capita income in Lake Forest in 2022:
Lake Forest:
$116,558
State:
$50,738
Change in median per capita income between 2000 and 2022:
Lake Forest, Illinois:
+47.6%
State:
+95.5%
Income statistics for Black or African American residents
Median household income in Lake Forest, IL in 2022:
Lake Forest:
$250,088
State:
$45,019
Number of households with income < $10k:
Lake Forest:
0.0% (0)
State:
13.3% (92,224)
Number of households with income $10k - 20k:
Lake Forest:
0.0% (0)
Illinois:
13.5% (93,732)
Number of households with income $20k - 30k:
Lake Forest:
0.0% (0)
State:
9.9% (68,453)
Number of households with income $30k - 40k:
Lake Forest:
0.0% (0)
State:
8.5% (59,072)
Number of households with income $40k - 50k:
Lake Forest:
0.0% (0)
State:
7.9% (55,033)
Number of households with income $50k - 60k:
Lake Forest:
0.0% (0)
State:
7.2% (49,556)
Number of households with income $60k - 75k:
Lake Forest:
0.0% (0)
State:
7.8% (53,726)
Number of households with income $75k - 100k:
Lake Forest:
0.0% (0)
State:
11.6% (80,439)
Number of households with income $100k - 125k:
Lake Forest:
0.0% (0)
State:
7.5% (52,244)
Number of households with income $125k - 150k:
Lake Forest:
0.0% (0)
State:
3.9% (27,058)
Number of households with income $150k - 200k:
Lake Forest:
0.0% (0)
Illinois:
4.6% (32,057)
Number of households with income > $200k:
Lake Forest:
100.0% (16)
State:
4.1% (28,731)
Aggregate household income in Lake Forest in 2022: $4,596,025
Median per capita income in Lake Forest in 2022:
Lake Forest:
$22,143
State:
$28,045
Change in median per capita income between 2000 and 2022:: -60.7%
Lake Forest, Illinois:
-60.7%
Illinois:
+90.2%
Income statistics for Asian residents
Median household income in Lake Forest, IL in 2022:
Lake Forest:
$111,050
State:
$104,287
Change in median household income between 2000 and 2022:: -18.6%
Lake Forest, Illinois:
-18.6%
State:
+81.9%
Number of households with income < $10k:
Lake Forest:
2.1% (10)
State:
5.3% (14,653)
Number of households with income $10k - 20k:
Lake Forest:
2.4% (11)
Illinois:
4.5% (12,283)
Number of households with income $20k - 30k:
Lake Forest:
15.4% (72)
State:
4.8% (13,135)
Number of households with income $30k - 40k:
Lake Forest:
1.5% (7)
State:
5.0% (13,655)
Number of households with income $40k - 50k:
Lake Forest:
0.0% (0)
State:
4.5% (12,357)
Number of households with income $50k - 60k:
Lake Forest:
2.8% (13)
Illinois:
4.9% (13,568)
Number of households with income $60k - 75k:
Lake Forest:
0.0% (0)
State:
7.1% (19,606)
Number of households with income $75k - 100k:
Lake Forest:
17.3% (81)
Illinois:
12.1% (33,349)
Number of households with income $100k - 125k:
Lake Forest:
16.3% (76)
State:
9.7% (26,669)
Number of households with income $125k - 150k:
Lake Forest:
0.0% (0)
Illinois:
7.3% (20,172)
Number of households with income $150k - 200k:
Lake Forest:
11.6% (54)
Illinois:
11.5% (31,711)
Number of households with income > $200k:
Lake Forest:
30.6% (143)
State:
23.1% (63,411)
Aggregate household income in Lake Forest in 2022: $80,968,290
Median family income in Lake Forest in 2022:
Lake Forest:
$133,259
State:
$124,630
Number of families with income < $10k:
Lake Forest:
0.6% (2)
State:
2.0% (3,841)
Number of families with income $10k - 20k:
Lake Forest:
3.6% (14)
State:
2.6% (5,077)
Number of families with income $20k - 30k:
Lake Forest:
6.4% (25)
State:
4.4% (8,618)
Number of families with income $30k - 40k:
Lake Forest:
2.9% (11)
State:
4.4% (8,628)
Number of families with income $50k - 60k:
Lake Forest:
3.4% (13)
State:
4.1% (7,974)
Number of families with income $75k - 100k:
Lake Forest:
20.6% (81)
Illinois:
12.3% (24,156)
Number of families with income $100k - 125k:
Lake Forest:
17.7% (69)
State:
9.6% (18,808)
Number of families with income $150k - 200k:
Lake Forest:
9.7% (38)
Illinois:
13.9% (27,222)
Number of families with income > $200k:
Lake Forest:
35.1% (138)
Illinois:
28.0% (54,999)
Median per capita income in Lake Forest in 2022:
Lake Forest:
$57,073
State:
$52,977
Change in median per capita income between 2000 and 2022:
Lake Forest, Illinois:
+5.0%
State:
+119.5%
Income statistics for Hispanic or Latino residents
Median household income in Lake Forest, IL in 2022:
Lake Forest:
$121,610
State:
$72,139
Number of households with income < $10k:
Lake Forest:
0.0% (0)
Illinois:
4.9% (33,145)
Number of households with income $10k - 20k:
Lake Forest:
0.0% (0)
Illinois:
5.4% (36,345)
Number of households with income $20k - 30k:
Lake Forest:
16.3% (27)
State:
7.5% (50,677)
Number of households with income $30k - 40k:
Lake Forest:
0.0% (0)
State:
7.7% (52,008)
Number of households with income $40k - 50k:
Lake Forest:
0.0% (0)
Illinois:
8.1% (54,702)
Number of households with income $50k - 60k:
Lake Forest:
0.0% (0)
State:
7.5% (51,062)
Number of households with income $60k - 75k:
Lake Forest:
15.1% (25)
Illinois:
11.3% (76,576)
Number of households with income $75k - 100k:
Lake Forest:
12.0% (20)
Illinois:
15.5% (105,152)
Number of households with income $100k - 125k:
Lake Forest:
19.9% (33)
State:
11.5% (77,760)
Number of households with income $125k - 150k:
Lake Forest:
2.4% (4)
Illinois:
7.3% (49,310)
Number of households with income $150k - 200k:
Lake Forest:
0.0% (0)
State:
7.6% (51,233)
Number of households with income > $200k:
Lake Forest:
34.3% (57)
Illinois:
5.9% (40,028)
Aggregate household income in Lake Forest in 2022: $24,063,674
Median non-family income in Lake Forest in 2022:
Lake Forest:
$99,404
State:
$45,965
Median per capita income in Lake Forest in 2022:
Lake Forest:
$37,487
State:
$26,551
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Lake Forest:
0.0% (0)
State:
3.2% (935)
Number of households with income $10k - 20k:
Lake Forest:
0.0% (0)
Illinois:
7.1% (2,053)
Number of households with income $20k - 30k:
Lake Forest:
0.0% (0)
State:
10.1% (2,939)
Number of households with income $30k - 40k:
Lake Forest:
0.0% (0)
State:
7.7% (2,246)
Number of households with income $40k - 50k:
Lake Forest:
0.0% (0)
Illinois:
7.9% (2,300)
Number of households with income $50k - 60k:
Lake Forest:
0.0% (0)
State:
8.5% (2,460)
Number of households with income $60k - 75k:
Lake Forest:
0.0% (0)
State:
10.7% (3,095)
Number of households with income $75k - 100k:
Lake Forest:
0.0% (0)
State:
15.3% (4,451)
Number of households with income $100k - 125k:
Lake Forest:
0.0% (0)
State:
11.7% (3,386)
Number of households with income $125k - 150k:
Lake Forest:
0.0% (0)
State:
7.8% (2,269)
Number of households with income $150k - 200k:
Lake Forest:
100.0% (14)
State:
5.8% (1,673)
Number of households with income > $200k:
Lake Forest:
0.0% (0)
Illinois:
4.1% (1,198)
Median per capita income in Lake Forest in 2022:
Lake Forest:
$10,274
State:
$26,979
Income statistics for Multirace residents
Median household income in Lake Forest, IL in 2022:
Lake Forest:
$192,610
Illinois:
$71,185
Change in median household income between 2000 and 2022:
Lake Forest, Illinois:
+48.0%
Illinois:
+81.4%
Number of households with income < $10k:
Lake Forest:
0.0% (0)
Illinois:
5.3% (21,595)
Number of households with income $10k - 20k:
Lake Forest:
0.0% (0)
State:
6.5% (26,720)
Number of households with income $20k - 30k:
Lake Forest:
12.6% (48)
Illinois:
8.0% (32,573)
Number of households with income $30k - 40k:
Lake Forest:
0.0% (0)
Illinois:
8.4% (34,383)
Number of households with income $40k - 50k:
Lake Forest:
0.0% (0)
Illinois:
7.4% (30,234)
Number of households with income $50k - 60k:
Lake Forest:
0.0% (0)
Illinois:
6.9% (28,432)
Number of households with income $60k - 75k:
Lake Forest:
27.8% (106)
State:
10.2% (41,780)
Number of households with income $75k - 100k:
Lake Forest:
2.4% (9)
State:
13.0% (53,426)
Number of households with income $100k - 125k:
Lake Forest:
6.3% (24)
Illinois:
10.5% (43,126)
Number of households with income $125k - 150k:
Lake Forest:
0.0% (0)
State:
7.6% (31,153)
Number of households with income $150k - 200k:
Lake Forest:
2.4% (9)
State:
7.6% (30,946)
Number of households with income > $200k:
Lake Forest:
48.6% (185)
State:
8.6% (35,208)
Aggregate household income in Lake Forest in 2022: $91,800,246
Median family income in Lake Forest in 2022:
Lake Forest:
$204,264
Illinois:
$84,400
Number of families with income $20k - 30k:
Lake Forest:
12.9% (48)
State:
6.3% (17,559)
Number of families with income $60k - 75k:
Lake Forest:
30.8% (115)
Illinois:
9.3% (25,936)
Number of families with income $75k - 100k:
Lake Forest:
2.6% (10)
State:
13.6% (37,857)
Number of families with income $150k - 200k:
Lake Forest:
2.3% (9)
State:
9.5% (26,306)
Number of families with income > $200k:
Lake Forest:
51.4% (192)
Illinois:
10.4% (28,926)
Median per capita income in Lake Forest in 2022:
Lake Forest:
$82,420
State:
$29,285
Income statistics for other residents
Median household income in Lake Forest, IL in 2022:
Lake Forest:
$98,965
State:
$71,711
Number of households with income < $10k:
Lake Forest:
0.0% (0)
State:
5.7% (16,383)
Number of households with income $10k - 20k:
Lake Forest:
17.9% (17)
Illinois:
4.8% (13,886)
Number of households with income $20k - 30k:
Lake Forest:
0.0% (0)
State:
7.0% (20,054)
Number of households with income $30k - 40k:
Lake Forest:
0.0% (0)
State:
7.0% (20,038)
Number of households with income $40k - 50k:
Lake Forest:
0.0% (0)
Illinois:
8.3% (23,759)
Number of households with income $50k - 60k:
Lake Forest:
0.0% (0)
State:
7.8% (22,410)
Number of households with income $60k - 75k:
Lake Forest:
0.0% (0)
State:
12.0% (34,448)
Number of households with income $75k - 100k:
Lake Forest:
10.5% (10)
State:
16.2% (46,508)
Number of households with income $100k - 125k:
Lake Forest:
71.6% (68)
State:
12.5% (35,952)
Number of households with income $125k - 150k:
Lake Forest:
0.0% (0)
State:
6.9% (19,732)
Number of households with income $150k - 200k:
Lake Forest:
0.0% (0)
State:
7.5% (21,422)
Number of households with income > $200k:
Lake Forest:
0.0% (0)
State:
4.3% (12,194)
Aggregate household income in Lake Forest in 2022: $5,528,430
Median family income in Lake Forest in 2022:
Lake Forest:
$97,292
Illinois:
$74,069
Number of families with income $10k - 20k:
Lake Forest:
15.7% (15)
State:
3.3% (7,467)
Number of families with income $75k - 100k:
Lake Forest:
11.7% (11)
State:
17.2% (38,560)
Number of families with income $100k - 125k:
Lake Forest:
72.5% (68)
State:
12.3% (27,638)
Median per capita income in Lake Forest in 2022:
Lake Forest:
$21,385
Illinois:
$25,392
Change in median per capita income between 2000 and 2022:: -20.9%
Lake Forest, Illinois:
-20.9%
State:
+117.4%
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-60.7%
+90.2%
