Cities / Illinois / Lake Forest

Lake Forest, IL

19,436 people

Right Now

Active Weather Alerts

Population & People

Population

19,436

Median age

46.1

Median household income

$235,081

Poverty rate

3.5%

Unemployment rate

1.8%

Bachelor's degree+

80.5%

Avg. commute

22 min

Hispanic or Latino

6.1%

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

Housing & Rent

Median home value

$938,300

Median gross rent

$1,815/mo

Homeownership rate

88.75%

HUD FMR — 2 bedroom

$1,063

HUD Fair Market Rent (Illinois statewide average across 102 areas — not specific to Lake Forest), 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).