Lake Forest, IL Employment - Median Household Income, Unemployment Rate

Lake Forest employment information

Index	Lake Forest	Illinois	National
Income per capita	$94,514	$31,502	$29,829
Median household income	$162,117	$59,196	$55,322
Median income owner occupied	$186,714	$75,354	$70,586
Median income renter occupied	$92,813	$34,488	$35,192
Median earnings male	$106,875	$40,474	$36,919
Median earnings female	$35,511	$27,197	$26,250
Unemployment rate	2.5%	5.3%	4.7%
Poverty level	3.9%	14.0%	15.1%

The Lake Forest, IL employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Lake Forest is $94,514, which is 200% higher than than the Illinois average and 217% higher than than the national average. The median household income is $162,117, which is 174% higher than than the Illinois average and 193% higher than than the national average. The unemployment rate in Lake Forest is 3%, which is 46% lower than than the national average. The poverty rate in Lake Forest is 4% which is 74% lower than than the national average.

am i middle class

$108,067$162,117$324,234

City

$39,460$59,196$118,392

State

$36,877$55,322$110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

The income per capita in Lake Forest is 217% higher than the national average.
The median household income in Lake Forest is 193% higher than the national average.
Male median earnings are 41% higher than female median earnings.
The unemployment rate in Lake Forest is 46% lower than the national average.
The poverty level in Lake Forest is 74% lower than the national average.

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Compare Lake Forest, IL Employment To Other Cities

Employment status

Hours worked per week

Lake Forest median earnings by income bracket

Lake Forest employment by industry

Labour Type	Male	Female
Construction industry	3.4%	1.1%
Manufacturing sector	12.0%	0.2%
Financial & insurance services	15.6%	6.0%
Wholesale & retail services	12.9%	16.8%
Public administration	0.9%	1.3%
Transportation, warehousing & utilities	1.9%	1.6%
Education, health & social services	13.8%	30.0%
Other	37.1%	32.2%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Kenilworth, IL	2,613	$211,023	281%
Winnetka, IL	12,437	$207,857	276%
Riverwoods, IL	3,759	$187,857	240%
Glencoe, IL	8,870	$185,320	235%
Long Grove, IL	8,065	$184,208	233%
Lake Forest, IL	18,881	$162,117	193%

Cities with similar population

City, State	Population	Household Income	National Avg.
Sylvania, OH	18,882	$72,936	32%
Oroville, CA	18,884	$35,457	36%
Mayfield Heights, OH	18,878	$45,875	17%
Niles, OH	18,877	$39,311	29%
Brook Park, OH	18,875	$48,813	12%
Lake Forest, IL	18,881	$162,117	193%

Source: The Lake Forest, IL employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).