Lake Villa, IL
Population 8,707 · Illinois
About Lake Villa, IL
Lake Villa is a small community in Illinois with a population of 8,707 residents. The median household income is $111,110 per year, which is above the national average. The median age in Lake Villa is 40.3 years.
Housing in Lake Villa has a median home value of $325,900 and median monthly rent of $1,430. Of the 3,192 total housing units, the majority are owner-occupied, with 2,198 owner-occupied and 943 renter-occupied units.
The unemployment rate in Lake Villa is 6.4% and the poverty rate is 3.3%. 48.6% of residents hold a bachelor's degree or higher. The average commute time is 32.6 minutes.
Cost of Living in Lake Villa, IL
Compared to national averages, Lake Villa has a median household income of $111,110 (48% above the national median of $75,149). Home values average $325,900, which is 33% above the national median. Monthly rent at $1,430 is 23% above the US average of $1,163. Within Illinois, Lake Villa's income is 48% above the state average of $75,072, and home values are 97% above the state median of $165,779.
Why Live in Lake Villa, IL?
Lake Villa offers a strong local economy with a median household income of $111,110, well above the national average, and a well-educated community where 48.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.3%, better than the national average.
Lake Villa has a population of 8,707 with a median age of 40.3 years. Compare Lake Villa with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lake Villa
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glencoe | 8,715 | $250,001 | $1,354,900 | Compare |
| Rock Falls | 8,683 | $48,733 | $82,400 | Compare |
| Mascoutah | 8,743 | $93,902 | $226,300 | Compare |
| Clarendon Hills | 8,642 | $125,826 | $595,500 | Compare |
| Glenwood | 8,620 | $71,376 | $182,900 | Compare |
| Monmouth | 8,794 | $59,690 | $88,100 | Compare |
| Harrisburg | 8,608 | $48,488 | $84,800 | Compare |
| Savoy | 8,807 | $88,828 | $280,700 | 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 Lake Villa
What is the population of Lake Villa, IL?
The population of Lake Villa, IL is 8,707 according to the latest Census data.
What is the median household income in Lake Villa?
The median household income in Lake Villa, IL is $111,110 per year.
What is the median home value in Lake Villa?
The median home value in Lake Villa, IL is $325,900.
What is the average rent in Lake Villa?
The median monthly rent in Lake Villa, IL is $1,430.
What is the unemployment rate in Lake Villa?
The unemployment rate in Lake Villa, IL is 6.4%.