Gages Lake, IL
Population 10,706 · Illinois
About Gages Lake, IL
Gages Lake is a mid-sized city in Illinois with a population of 10,706 residents. The median household income is $105,114 per year, which is above the national average. The median age in Gages Lake is 40.3 years.
Housing in Gages Lake has a median home value of $291,200 and median monthly rent of $1,741. Of the 4,206 total housing units, the majority are owner-occupied, with 3,377 owner-occupied and 672 renter-occupied units.
The unemployment rate in Gages Lake is 7.0% and the poverty rate is 5.2%. 40.5% of residents hold a bachelor's degree or higher. The average commute time is 26.2 minutes.
Cost of Living in Gages Lake, IL
Compared to national averages, Gages Lake has a median household income of $105,114 (40% above the national median of $75,149). Home values average $291,200, which is 19% above the national median. Monthly rent at $1,741 is 50% above the US average of $1,163. Within Illinois, Gages Lake's income is 40% above the state average of $75,072, and home values are 76% above the state median of $165,779.
Why Live in Gages Lake, IL?
Gages Lake offers a strong local economy with a median household income of $105,114, well above the national average, and a well-educated community where 40.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.2%, better than the national average.
Gages Lake has a population of 10,706 with a median age of 40.3 years. Compare Gages Lake with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Gages Lake
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Campton Hills | 10,724 | $192,727 | $510,100 | Compare |
| Worth | 10,731 | $56,998 | $220,200 | Compare |
| Crestwood | 10,622 | $68,686 | $187,700 | Compare |
| Pingree Grove | 10,576 | $119,880 | $298,300 | Compare |
| Fox Lake | 10,872 | $69,896 | $219,300 | Compare |
| Roscoe | 10,881 | $97,704 | $215,200 | Compare |
| Troy | 10,889 | $97,825 | $240,800 | Compare |
| Summit | 10,896 | $60,417 | $224,800 | 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 Gages Lake
What is the population of Gages Lake, IL?
The population of Gages Lake, IL is 10,706 according to the latest Census data.
What is the median household income in Gages Lake?
The median household income in Gages Lake, IL is $105,114 per year.
What is the median home value in Gages Lake?
The median home value in Gages Lake, IL is $291,200.
What is the average rent in Gages Lake?
The median monthly rent in Gages Lake, IL is $1,741.
What is the unemployment rate in Gages Lake?
The unemployment rate in Gages Lake, IL is 7.0%.