Forest Lake, IL
Population 1,797 · Illinois
About Forest Lake, IL
Forest Lake is a small community in Illinois with a population of 1,797 residents. The median household income is $92,956 per year, which is above the national average. The median age in Forest Lake is 40.8 years.
Housing in Forest Lake has a median home value of $318,300 and median monthly rent of $0. Of the 737 total housing units, the majority are owner-occupied, with 623 owner-occupied and 36 renter-occupied units.
The unemployment rate in Forest Lake is 5.3% and the poverty rate is 5.3%. 52.4% of residents hold a bachelor's degree or higher. The average commute time is 30.1 minutes.
Cost of Living in Forest Lake, IL
Compared to national averages, Forest Lake has a median household income of $92,956 (24% above the national median of $75,149). Home values average $318,300, which is 30% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Forest Lake's income is 24% above the state average of $75,072, and home values are 92% above the state median of $165,779.
Why Live in Forest Lake, IL?
Forest Lake offers a strong local economy with a median household income of $92,956, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 52.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.3%, better than the national average.
Forest Lake has a population of 1,797 with a median age of 40.8 years. Compare Forest Lake with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Forest Lake
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bridgeport | 1,819 | $50,284 | $57,500 | Compare |
| Lacon | 1,768 | $60,750 | $111,700 | Compare |
| Hodgkins | 1,766 | $63,056 | $39,200 | Compare |
| Lewistown | 1,828 | $49,022 | $84,600 | Compare |
| Prophetstown | 1,828 | $66,797 | $116,300 | Compare |
| Southern View | 1,838 | $53,774 | $104,700 | Compare |
| Maroa | 1,751 | $72,500 | $128,200 | Compare |
| Orion | 1,849 | $88,500 | $168,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Forest Lake
What is the population of Forest Lake, IL?
The population of Forest Lake, IL is 1,797 according to the latest Census data.
What is the median household income in Forest Lake?
The median household income in Forest Lake, IL is $92,956 per year.
What is the median home value in Forest Lake?
The median home value in Forest Lake, IL is $318,300.
What is the average rent in Forest Lake?
The median monthly rent in Forest Lake, IL is $0.
What is the unemployment rate in Forest Lake?
The unemployment rate in Forest Lake, IL is 5.3%.