Lake Holiday, IL
Population 5,402 · Illinois
About Lake Holiday, IL
Lake Holiday is a small town located in Illinois with a population of 5,402 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,250 per year, which is 49% above the national median of $75,149. The median age of 48.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Holiday features a median home value of $235,300, which is 4% below the national median of $244,900. This positions Lake Holiday in a moderately priced market relative to the rest of the country. Median monthly rent is $1,859, 60% above the national average of $1,163/month. Of the 2,496 total housing units, 92% are owner-occupied (2,065 units) and 8% are renter-occupied (168 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Holiday shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Holiday have an average one-way commute time of 43.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
30.2% of Lake Holiday residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.6% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.9% of the population being foreign-born.
Cost of Living in Lake Holiday, IL
Compared to national averages, Lake Holiday has a median household income of $112,250 (49% above the national median of $75,149). Home values average $235,300, which is 4% below the national median. Monthly rent at $1,859 is 60% above the US average of $1,163. Within Illinois, Lake Holiday's income is 50% above the state average of $75,072, and home values are 42% above the state median of $165,779.
Why Live in Lake Holiday, IL?
Lake Holiday offers a strong local economy with a median household income of $112,250, well above the national average, and affordable housing with a median home value of $235,300, below the US average of $244,900, and a low poverty rate of 10.9%, better than the national average.
Lake Holiday has a population of 5,402 with a median age of 48.7 years. Compare Lake Holiday with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lake Holiday
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Barrington | 5,400 | $132,857 | $451,400 | 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 Holiday With Other Cities
Frequently Asked Questions about Lake Holiday
What is the population of Lake Holiday, IL?
The population of Lake Holiday, IL is 5,402 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Lake Holiday?
The median household income in Lake Holiday, IL is $112,250 per year, which is 49% above the national median of $75,149.
What is the median home value in Lake Holiday?
The median home value in Lake Holiday, IL is $235,300, which is 4% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Holiday?
The median monthly rent in Lake Holiday, IL is $1,859, which is 60% above the national average of $1,163/month.
What is the unemployment rate in Lake Holiday?
The unemployment rate in Lake Holiday, IL is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Holiday, IL a good place to live?
Lake Holiday offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 5,402 and a median age of 48.7, the city appeals to established professionals and retirees.
How educated is Lake Holiday, IL?
30.2% of residents in Lake Holiday aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Holiday?
Key cost-of-living indicators for Lake Holiday, IL: median home value is $235,300 (4% below national), median rent is $1,859/month, and median household income is $112,250. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Holiday?
The poverty rate in Lake Holiday, IL is 10.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Holiday, IL?
Lake Holiday's population is 2.6% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.9% two or more races. 3.9% of residents are foreign-born.