Tower Lakes

Population: 1,148
Median household income: $172,656
Median home value: $495,900

Located in Lake County, Illinois, Tower Lakes is a community with a population of 1,148. Its median household income of $172,656 runs above the Lake County figure of $108,917.

From 2019 to 2023, Tower Lakes's population declined 11.0% from 1,290 to 1,148, while its median home value rose 3.1% from $481,000 to $495,900.

77.8% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 97.2% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 1,148
Median age: 48.8 yrs
Median household income: $172,656
Median home value: $495,900
Median gross rent: $2,375
Housing units: 459
Homeownership rate: 97.2%
Bachelor's degree or higher: 77.8%
Unemployment rate: 3.3%

Trends

ACS 5-year · 2019–2023

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

Year	Population	Median household income	Median home value	Median gross rent
2019	1,290	$147,000	$481,000	$2,156
2020	1,293	$143,250	$470,400	$2,250
2021	1,340	$148,750	$465,800	$2,350
2022	1,282	$162,083	$483,800	$2,438
2023	1,148	$172,656	$495,900	$2,375

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

Age distribution

Under 53.7%

5 to 1719.7%

18 to 246.0%

25 to 346.8%

35 to 449.1%

45 to 5414.5%

55 to 6416.9%

65 to 7415.7%

75 and over7.6%

	Count	Share
Under 5	43	3.7%
5 to 17	226	19.7%
18 to 24	69	6.0%
25 to 34	78	6.8%
35 to 44	104	9.1%
45 to 54	167	14.5%
55 to 64	194	16.9%
65 to 74	180	15.7%
75 and over	87	7.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,013	88.2%
Black or African American	11	1.0%
American Indian & Alaska Native	0	0.0%
Asian	27	2.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	53	4.6%
Hispanic or Latino (any race)	44	3.8%

Educational attainment (age 25+)

No high school diploma0.0%

High school graduate5.8%

Some college or associate's16.4%

Bachelor's degree44.9%

Graduate or professional degree32.8%

	Count	Share
No high school diploma	0	0.0%
High school graduate	47	5.8%
Some college or associate's	133	16.4%
Bachelor's degree	364	44.9%
Graduate or professional degree	266	32.8%

Commute to work

Mean travel time to work: 38 min

Drove alone72.5%

Carpooled1.6%

Public transit3.5%

Walked0.0%

Bicycle0.0%

Worked from home20.2%

Other means2.2%

How workers get to work

	Count	Share
Drove alone	399	72.5%
Carpooled	9	1.6%
Public transit	19	3.5%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	111	20.2%
Other means	12	2.2%

Travel time

	Count	Share
Under 15 min	38	8.7%
15 to 29 min	137	31.2%
30 to 44 min	123	28.0%
45 to 59 min	64	14.6%
60+ min	77	17.5%

Households

Average household size: 2.64
Poverty rate: 3.0% (34 of 1,142)

	Count	Share
Family households	364	83.7%
Nonfamily households	71	16.3%

Housing

Median year structure built: 1964

Occupancy

	Count	Share
Occupied	435	94.8%
Vacant	24	5.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	423	97.2%
Renter-occupied	12	2.8%

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	459	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: 1775874
Type (LSAD): 47
Land area: 0.92 sq mi
Water area: 0.12 sq mi
Center point: 42.2278, -88.1552