Lake Barrington, IL
Population 5,400 · Illinois
About Lake Barrington, IL
Lake Barrington is a small community in Illinois with a population of 5,400 residents. The median household income is $132,857 per year, which is above the national average. The median age in Lake Barrington is 52.7 years.
Housing in Lake Barrington has a median home value of $451,400 and median monthly rent of $3,060. Of the 2,427 total housing units, the majority are owner-occupied, with 2,060 owner-occupied and 252 renter-occupied units.
The unemployment rate in Lake Barrington is 5.7% and the poverty rate is 6.2%. 62.3% of residents hold a bachelor's degree or higher. The average commute time is 33.8 minutes.
Cost of Living in Lake Barrington, IL
Compared to national averages, Lake Barrington has a median household income of $132,857 (77% above the national median of $75,149). Home values average $451,400, which is 84% above the national median. Monthly rent at $3,060 is 163% above the US average of $1,163. Within Illinois, Lake Barrington's income is 77% above the state average of $75,072, and home values are 172% above the state median of $165,779.
Why Live in Lake Barrington, IL?
Lake Barrington offers a strong local economy with a median household income of $132,857, well above the national average, and a well-educated community where 62.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $451,400. However, Lake Barrington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Barrington has a population of 5,400 with a median age of 52.7 years. Compare Lake Barrington with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lake Barrington
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Holiday | 5,402 | $112,250 | $235,300 | Compare |
| Candlewick Lake | 5,459 | $94,820 | $169,200 | Compare |
| Posen | 5,331 | $71,994 | $172,800 | Compare |
| Grandwood Park | 5,311 | $124,847 | $313,000 | Compare |
| Wilmington | 5,507 | $63,514 | $216,400 | Compare |
| Spring Valley | 5,508 | $63,964 | $125,000 | Compare |
| Pana | 5,277 | $45,083 | $82,000 | Compare |
| Highwood | 5,243 | $101,862 | $454,500 | 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.
Compare Lake Barrington With Other Cities
Frequently Asked Questions about Lake Barrington
What is the population of Lake Barrington, IL?
The population of Lake Barrington, IL is 5,400 according to the latest Census data.
What is the median household income in Lake Barrington?
The median household income in Lake Barrington, IL is $132,857 per year.
What is the median home value in Lake Barrington?
The median home value in Lake Barrington, IL is $451,400.
What is the average rent in Lake Barrington?
The median monthly rent in Lake Barrington, IL is $3,060.
What is the unemployment rate in Lake Barrington?
The unemployment rate in Lake Barrington, IL is 5.7%.