Riverwoods

Population: 3,988
Median household income: $243,036
Median home value: $796,100

Riverwoods, a community in Lake County, Illinois, has 3,988 residents. Its median household income of $243,036 runs above the Lake County figure of $108,917.

Between 2019 and 2023, Riverwoods's population grew 10.2% from 3,618 to 3,988, while its median home value rose 11.4% from $714,500 to $796,100.

0.9% of residents live below the poverty line. Households average 3.02 people.

Demographics

ACS 2019–2023

Population: 3,988
Median age: 50.1 yrs
Median household income: $243,036
Median home value: $796,100
Median gross rent: $3,175
Housing units: 1,418
Homeownership rate: 96.0%
Bachelor's degree or higher: 76.4%
Unemployment rate: 0.9%

Trends

ACS 5-year · 2019–2023

Population

3,6183,988

Median household income

$207,188$243,036

Median home value

$714,500$796,100

Median gross rent

$2,539$3,175

Year	Population	Median household income	Median home value	Median gross rent
2019	3,618	$207,188	$714,500	$2,539
2020	3,536	$231,477	$720,700	$2,639
2021	3,742	$213,068	$705,700	$3,238
2022	4,007	$233,036	$776,900	$3,500
2023	3,988	$243,036	$796,100	$3,175

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.5%

5 to 1716.5%

18 to 249.7%

25 to 343.6%

35 to 4410.4%

45 to 5413.6%

55 to 6418.3%

65 to 7414.8%

75 and over8.6%

	Count	Share
Under 5	181	4.5%
5 to 17	660	16.5%
18 to 24	388	9.7%
25 to 34	143	3.6%
35 to 44	414	10.4%
45 to 54	543	13.6%
55 to 64	728	18.3%
65 to 74	589	14.8%
75 and over	342	8.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,329	83.5%
Black or African American	102	2.6%
American Indian & Alaska Native	0	0.0%
Asian	277	6.9%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	21	0.5%
Two or more races	48	1.2%
Hispanic or Latino (any race)	211	5.3%

Educational attainment (age 25+)

No high school diploma2.9%

High school graduate9.6%

Some college or associate's11.2%

Bachelor's degree38.7%

Graduate or professional degree37.7%

	Count	Share
No high school diploma	79	2.9%
High school graduate	264	9.6%
Some college or associate's	308	11.2%
Bachelor's degree	1,067	38.7%
Graduate or professional degree	1,041	37.7%

Commute to work

Mean travel time to work: 36 min

Drove alone61.8%

Carpooled2.4%

Public transit4.1%

Walked1.5%

Bicycle0.0%

Worked from home29.8%

Other means0.4%

How workers get to work

	Count	Share
Drove alone	1,121	61.8%
Carpooled	43	2.4%
Public transit	75	4.1%
Walked	28	1.5%
Bicycle	0	0.0%
Worked from home	540	29.8%
Other means	7	0.4%

Travel time

	Count	Share
Under 15 min	156	12.2%
15 to 29 min	337	26.5%
30 to 44 min	376	29.5%
45 to 59 min	151	11.9%
60+ min	254	19.9%

Households

Average household size: 3.02
Poverty rate: 0.9% (34 of 3,797)

	Count	Share
Family households	1,058	83.6%
Nonfamily households	207	16.4%

Housing

Median year structure built: 1984

Occupancy

	Count	Share
Occupied	1,265	89.2%
Vacant	153	10.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,215	96.0%
Renter-occupied	50	4.0%

1-unit, detached100.0%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,418	100.0%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1764538
Type (LSAD): 47
Land area: 3.97 sq mi
Water area: 0.05 sq mi
Center point: 42.1729, -87.8949