Third Lake vs Tower Lakes

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

Third Lake and Tower Lakes 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 1,148 in Tower Lakes). Tower Lakes has the higher median household income ($172,656 vs $150,893 in Third Lake). Tower Lakes has the higher median home value ($495,900 vs $329,500 in Third Lake).

Population, income & housing

	Third Lake	Tower Lakes
Population	1,203	1,148
Median age	50.1 yrs	48.8 yrs
Median household income	$150,893	$172,656
Median home value	$329,500	$495,900
Median gross rent	—	$2,375
Housing units	501	459
Homeownership rate	99.2%	97.2%
Bachelor's degree or higher	70.9%	77.8%
Unemployment rate	2.8%	3.3%

Trends (ACS 5-year, 2019–2023)

	Third Lake	Tower Lakes
Population	1,079 → 1,203 (+11.5%)	1,290 → 1,148 (-11.0%)
Median household income	$116,563 → $150,893 (+29.5%)	$147,000 → $172,656 (+17.5%)
Median home value	$267,400 → $329,500 (+23.2%)	$481,000 → $495,900 (+3.1%)
Median gross rent	$1,469 → $1,125 (-23.4%)	$2,156 → $2,375 (+10.2%)

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

Tower Lakes

Population

1,2901,148

Median household income

$147,000$172,656

Median home value

$481,000$495,900

Median gross rent

$2,156$2,375

Age & race/ethnicity

Age distribution (share)

	Third Lake	Tower Lakes
Under 5	4.5%	3.7%
5 to 17	15.0%	19.7%
18 to 24	6.0%	6.0%
25 to 34	6.7%	6.8%
35 to 44	13.6%	9.1%
45 to 54	14.7%	14.5%
55 to 64	13.5%	16.9%
65 to 74	19.3%	15.7%
75 and over	6.7%	7.6%

Race & ethnicity (share)

	Third Lake	Tower Lakes
White (non-Hispanic)	82.9%	88.2%
Black or African American	0.0%	1.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	1.2%	2.4%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	1.9%	4.6%
Hispanic or Latino	14.0%	3.8%

Educational attainment (age 25+)

Share of adults 25+

	Third Lake	Tower Lakes
No high school diploma	0.4%	0.0%
High school graduate	8.9%	5.8%
Some college or associate's	19.8%	16.4%
Bachelor's degree	35.3%	44.9%
Graduate or professional degree	35.6%	32.8%

Commute to work

How workers get to work (share)

	Third Lake	Tower Lakes
Drove alone	75.6%	72.5%
Carpooled	6.5%	1.6%
Public transit	1.7%	3.5%
Walked	2.4%	0.0%
Bicycle	0.0%	0.0%
Worked from home	13.4%	20.2%
Other means	0.5%	2.2%

Housing

Units in structure (share)

	Third Lake	Tower Lakes
1-unit, detached	94.4%	100.0%
1-unit, attached	0.0%	0.0%
2 to 4 units	0.0%	0.0%
5 to 19 units	5.6%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Third Lake	Tower Lakes
Poverty rate	2.2%	3.0%
Average household size	2.44	2.64
Mean commute (minutes)	30	38
Median year structure built	1985	1964