In 2021, Lake Forest, IL had a population of 19.5k people with a median age of 46.4 and a median household income of $194,267. Between 2020 and 2021 the population of Lake Forest, IL declined from 19,497 to 19,450, a −0.241% decrease and its median household income grew from $189,118 to $194,267, a 2.72% increase.
The 5 largest ethnic groups in Lake Forest, IL are White (Non-Hispanic) (82.1%), Asian (Non-Hispanic) (7.2%), Two+ (Non-Hispanic) (3.61%), White (Hispanic) (2.74%), and Two+ (Hispanic) (1.06%).
None of the households in Lake Forest, IL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
95.9% of the residents in Lake Forest, IL are U.S. citizens.
The largest universities in Lake Forest, IL are Lake Forest College (462 degrees awarded in 2021) and Lake Forest Graduate School of Management (122 degrees).
In 2021, the median property value in Lake Forest, IL was $812,900, and the homeownership rate was 86.7%.
Most people in Lake Forest, IL drove alone to work, and the average commute time was 34.4 minutes. The average car ownership in Lake Forest, IL was 2 cars per household.