Lake Forest employment information

IndexLake ForestIllinoisNational
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 rate2.5%5.3%4.7%
Poverty level3.9%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

$Input your household income
$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 TypeMaleFemale
Construction industry3.4%1.1%
Manufacturing sector12.0%0.2%
Financial & insurance services15.6%6.0%
Wholesale & retail services12.9%16.8%
Public administration0.9%1.3%
Transportation, warehousing & utilities1.9%1.6%
Education, health & social services13.8%30.0%
Other37.1%32.2%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Kenilworth, IL2,613$211,023281%
Winnetka, IL12,437$207,857276%
Riverwoods, IL3,759$187,857240%
Glencoe, IL8,870$185,320235%
Long Grove, IL8,065$184,208233%
Lake Forest, IL18,881$162,117193%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Sylvania, OH18,882$72,93632%
Oroville, CA18,884$35,45736%
Mayfield Heights, OH18,878$45,87517%
Niles, OH18,877$39,31129%
Brook Park, OH18,875$48,81312%
Lake Forest, IL18,881$162,117193%
Source: The Lake Forest, IL employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).