Cities / Illinois / Island Lake

Island Lake, IL

8,039 people

Right Now

Active Weather Alerts

Population & People

Population

8,039

Median age

39.1

Median household income

$103,156

Poverty rate

6.7%

Unemployment rate

6.7%

Bachelor's degree+

30.4%

Avg. commute

27 min

Hispanic or Latino

18.1%

Source: U.S. Census Bureau, American Community Survey.

Housing & Rent

Median home value

$262,500

Median gross rent

$1,874/mo

Homeownership rate

82.65%

HUD FMR — 2 bedroom

$1,063

HUD Fair Market Rent (Illinois statewide average across 102 areas — not specific to Island Lake), 2026. Efficiency $774, 1BR $854, 2BR $1063, 3BR $1370, 4BR $1561. This is a different official figure from Census median gross rent above.

Energy

Illinois commercial electricity

13.07¢/kWh

Illinois industrial electricity

10.14¢/kWh

Illinois residential electricity

17.69¢/kWh

Economy

Gross Domestic Product: All Industry Total

1201996.1

Real Gross Domestic Product: All Industry Total

913681.4

All-Transactions House Price Index for Illinois

565.87

Unemployment Rate

4.9%

Source: FRED, Illinois-specific series.

Nearby Airports

Sources & Data: National Weather Service (weather, alerts), EPA AirNow (air quality), U.S. Census Bureau (population, housing), HUD (Fair Market Rent), U.S. Energy Information Administration (Illinois energy prices), Federal Reserve Bank of St. Louis (Illinois economic indicators), OurAirports (airport directory).