Lake Zurich, IL
Population 19,727 · Illinois
About Lake Zurich, IL
Lake Zurich is a mid-sized city located in Illinois with a population of 19,727 residents according to the latest US Census Bureau American Community Survey data. The median household income is $139,959 per year, which is 86% above the national median of $75,149. The median age of 41.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Zurich features a median home value of $418,300, which is 71% above the national median of $244,900. This places Lake Zurich in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,782, 53% above the national average of $1,163/month. Of the 7,621 total housing units, 80% are owner-occupied (5,879 units) and 20% are renter-occupied (1,450 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Zurich shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Zurich have an average one-way commute time of 28.3 minutes.
Education & Demographics
61.2% of Lake Zurich residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.2% White, 0.4% Hispanic or Latino, 0.4% Black or African American, and 1.2% Asian residents, with 15.7% of the population being foreign-born.
Cost of Living in Lake Zurich, IL
Compared to national averages, Lake Zurich has a median household income of $139,959 (86% above the national median of $75,149). Home values average $418,300, which is 71% above the national median. Monthly rent at $1,782 is 53% above the US average of $1,163. Within Illinois, Lake Zurich's income is 86% above the state average of $75,072, and home values are 152% above the state median of $165,779.
Why Live in Lake Zurich, IL?
Lake Zurich offers a strong local economy with a median household income of $139,959, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 61.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $418,300. However, Lake Zurich’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Zurich has a population of 19,727 with a median age of 41.3 years. Compare Lake Zurich with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lake Zurich
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crest Hill | 19,754 | $71,408 | $222,600 | Compare |
| Harvey | 19,831 | $41,091 | $86,100 | Compare |
| Mokena | 19,906 | $129,017 | $377,100 | Compare |
| Evergreen Park | 19,498 | $95,738 | $255,700 | Compare |
| Homewood | 19,471 | $96,522 | $210,500 | Compare |
| Brookfield | 19,235 | $108,429 | $314,000 | Compare |
| Lake Forest | 19,190 | $228,120 | $909,800 | Compare |
| Deerfield | 19,185 | $189,705 | $608,600 | 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 Zurich With Other Cities
Frequently Asked Questions about Lake Zurich
What is the population of Lake Zurich, IL?
The population of Lake Zurich, IL is 19,727 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Lake Zurich?
The median household income in Lake Zurich, IL is $139,959 per year, which is 86% above the national median of $75,149.
What is the median home value in Lake Zurich?
The median home value in Lake Zurich, IL is $418,300, which is 71% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Zurich?
The median monthly rent in Lake Zurich, IL is $1,782, which is 53% above the national average of $1,163/month.
What is the unemployment rate in Lake Zurich?
The unemployment rate in Lake Zurich, IL is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Zurich, IL a good place to live?
Lake Zurich offers above-average incomes, a competitive housing market, and a strong job market. With a population of 19,727 and a median age of 41.3, the city appeals to a broad range of residents.
How educated is Lake Zurich, IL?
61.2% of residents in Lake Zurich aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Zurich?
Key cost-of-living indicators for Lake Zurich, IL: median home value is $418,300 (71% above national), median rent is $1,782/month, and median household income is $139,959. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Zurich?
The poverty rate in Lake Zurich, IL is 2.8%, 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 Zurich, IL?
Lake Zurich's population is 2.2% White, 0.4% Hispanic or Latino, 0.4% Black or African American, 1.2% Asian, and 0.2% two or more races. 15.7% of residents are foreign-born.