Tower Lakes vs Newark
Side-by-side comparison
How does Tower Lakes, IL compare to Newark, IL? Tower Lakes has a population of 1,148 with a median household income of $172,656, while Newark has 1,152 residents and a median income of $129,688. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Tower Lakes, IL | Newark, IL | Difference |
|---|---|---|---|
| Population | 1,148 | 1,152 | -0.3% |
| Median Age | 48.8 | 45.1 | +8.2% |
| Foreign Born % | 8.2% | 3.4% | +141.2% |
| Metric | Tower Lakes | Newark | Difference |
|---|---|---|---|
| Median Income | $172,656 | $129,688 | +33.1% |
| Unemployment | 3.3% | 1.8% | +83.3% |
| Poverty Rate | 3% | 7.3% | -58.9% |
| Bachelor's+ | 77.8% | 24.9% | +212.4% |
| Metric | Tower Lakes | Newark | Difference |
|---|---|---|---|
| Home Value | $495,900 | $234,800 | +111.2% |
| Median Rent | $2375/mo | $1018/mo | +133.3% |
| Housing Units | 459 | 442 | +3.8% |