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

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221%

Income/capita NAT. AVG.

244%

Household income NAT. AVG.

61%

Unemployment NAT. AVG.

Index	Lake Forest	Illinois	National
Income per capita	$144,074	$47,397	$44,883
Median household income	$279,550	$88,967	$81,333
Median income owner occupied	$313,514	$111,557	$106,172
Median income renter occupied	$107,820	$52,117	$52,080
Median earnings male	$184,966	$60,185	$54,343
Median earnings female	$53,386	$40,368	$38,439
Unemployment rate	1.9%	6.6%	4.9%
Poverty level	2.9%	14.0%	15.1%

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Homes For Sale In Lake Forest, IL

1130 Gavin Ct

Lake Forest, IL

51 S Mayflower Rd

Lake Forest, IL

19 N June Ter

Lake Forest, IL

1060 Oak Knoll Dr

Lake Forest, IL

Key findings

The income per capita in Lake Forest is 221% higher than the national average
The median household income in Lake Forest is 244% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Lake Forest is 61% lower than the national average
The poverty level in Lake Forest is 81% lower than the national average

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am i middle class

$186,348 $279,550 $559,100

City

$59,305 $88,967 $177,934

State

$54,216 $81,333 $162,666

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.

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Lake Forest median earnings by income bracket

Lake Forest employment by industry

Labour Type	Male	Female
Construction industry	3.1%	3.1%
Manufacturing sector	14.1%	14.1%
Financial & insurance services	10.2%	10.2%
Wholesale & retail services	12.0%	12.0%
Public administration	0.6%	0.6%
Transportation, warehousing & utilities	2.0%	2.0%
Education, health & social services	11.9%	11.9%
Other	43.7%	43.7%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Winnetka, IL	12,825	$376,531	362.9%
Kenilworth, IL	2,429	$355,721	337.4%
Riverwoods, IL	3,636	$342,690	321.3%
Kildeer, IL	4,158	$320,299	293.8%
Long Grove, IL	8,145	$313,087	284.9%
Lake Forest, IL	19,888	$279,550	243.7%

Cities with similar population

City	Population	Household Income	National Avg.
Huntington, NY	19,888	$198,757	144.4%
Frankfort, IL	19,886	$208,825	156.8%
Orinda, CA	19,891	$345,621	324.9%
Plattsburgh, NY	19,892	$76,424	6.0%
Colchester, Subd. B, NS	19,895	n/a
Lake Forest, IL	19,888	$279,550	243.7%

Source: The Lake Forest, IL employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.