Bannockburn vs Third Lake

A side-by-side comparison of Bannockburn and Third Lake: population, income, housing, and more.

Bannockburn and Third Lake are places in Illinois. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Third Lake has the higher population (1,203 vs 1,125 in Bannockburn). Bannockburn has the higher median household income ($195,625 vs $150,893 in Third Lake). Bannockburn has the higher median home value ($1,110,800 vs $329,500 in Third Lake).

Population, income & housing

	Bannockburn	Third Lake
Population	1,125	1,203
Median age	31.0 yrs	50.1 yrs
Median household income	$195,625	$150,893
Median home value	$1,110,800	$329,500
Housing units	257	501
Homeownership rate	88.3%	99.2%
Bachelor's degree or higher	86.7%	70.9%
Unemployment rate	1.9%	2.8%

Trends (ACS 5-year, 2019–2023)

	Bannockburn	Third Lake
Population	1,244 → 1,125 (-9.6%)	1,079 → 1,203 (+11.5%)
Median household income	$117,917 → $195,625 (+65.9%)	$116,563 → $150,893 (+29.5%)
Median home value	$971,200 → $1,110,800 (+14.4%)	$267,400 → $329,500 (+23.2%)
Median gross rent	$1,065 → $1,388 (+30.3%)	$1,469 → $1,125 (-23.4%)

Bannockburn

Population

1,2441,125

Median household income

$117,917$195,625

Median home value

$971,200$1,110,800

Median gross rent

$1,065$1,388

Third Lake

Population

1,0791,203

Median household income

$116,563$150,893

Median home value

$267,400$329,500

Median gross rent

$1,469$1,125

Age & race/ethnicity

Age distribution (share)

	Bannockburn	Third Lake
Under 5	7.4%	4.5%
5 to 17	11.8%	15.0%
18 to 24	26.6%	6.0%
25 to 34	11.8%	6.7%
35 to 44	9.1%	13.6%
45 to 54	8.8%	14.7%
55 to 64	5.5%	13.5%
65 to 74	9.3%	19.3%
75 and over	9.7%	6.7%

Race & ethnicity (share)

	Bannockburn	Third Lake
White (non-Hispanic)	71.1%	82.9%
Black or African American	11.1%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	8.5%	1.2%
Native Hawaiian & Pacific Islander	1.7%	0.0%
Some other race	0.0%	0.0%
Two or more races	0.0%	1.9%
Hispanic or Latino	7.6%	14.0%

Educational attainment (age 25+)

Share of adults 25+

	Bannockburn	Third Lake
No high school diploma	1.0%	0.4%
High school graduate	2.6%	8.9%
Some college or associate's	9.7%	19.8%
Bachelor's degree	42.8%	35.3%
Graduate or professional degree	43.9%	35.6%

Commute to work

How workers get to work (share)

	Bannockburn	Third Lake
Drove alone	48.4%	75.6%
Carpooled	1.1%	6.5%
Public transit	2.2%	1.7%
Walked	24.7%	2.4%
Bicycle	0.0%	0.0%
Worked from home	23.5%	13.4%
Other means	0.2%	0.5%

Housing

Units in structure (share)

	Bannockburn	Third Lake
1-unit, detached	91.8%	94.4%
1-unit, attached	0.0%	0.0%
2 to 4 units	0.0%	0.0%
5 to 19 units	8.2%	5.6%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Bannockburn	Third Lake
Poverty rate	3.2%	2.2%
Average household size	2.84	2.44
Mean commute (minutes)	22	30
Median year structure built	1975	1985