Lincolnshire, IL
Population 7,937 · Illinois
About Lincolnshire, IL
Lincolnshire is a small community in Illinois with a population of 7,937 residents. The median household income is $179,735 per year, which is above the national average. The median age in Lincolnshire is 51.3 years.
Housing in Lincolnshire has a median home value of $625,800 and median monthly rent of $2,655. Of the 3,558 total housing units, the majority are owner-occupied, with 2,663 owner-occupied and 612 renter-occupied units.
The unemployment rate in Lincolnshire is 1.5% and the poverty rate is 4.0%. 76.7% of residents hold a bachelor's degree or higher. The average commute time is 26.8 minutes.
How Lincolnshire Ranks in Illinois
Cost of Living in Lincolnshire, IL
Compared to national averages, Lincolnshire has a median household income of $179,735 (139% above the national median of $75,149). Home values average $625,800, which is 156% above the national median. Monthly rent at $2,655 is 128% above the US average of $1,163. Within Illinois, Lincolnshire's income is 139% above the state average of $75,072, and home values are 277% above the state median of $165,779.
Why Live in Lincolnshire, IL?
Lincolnshire offers a strong local economy with a median household income of $179,735, well above the national average, and a strong job market with an unemployment rate of just 1.5%, and a well-educated community where 76.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $625,800. However, Lincolnshire’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lincolnshire has a population of 7,937 with a median age of 51.3 years. Compare Lincolnshire with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lincolnshire
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Silvis | 7,939 | $67,569 | $161,300 | Compare |
| South Beloit | 7,930 | $81,836 | $160,800 | Compare |
| Broadview | 7,898 | $60,139 | $240,600 | Compare |
| West Dundee | 7,867 | $104,750 | $342,900 | Compare |
| Island Lake | 8,023 | $98,125 | $241,900 | Compare |
| Oak Brook | 8,028 | $171,123 | $867,900 | Compare |
| Round Lake Park | 7,833 | $57,486 | $157,900 | Compare |
| Princeton | 7,829 | $57,682 | $131,300 | 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 Lincolnshire
What is the population of Lincolnshire, IL?
The population of Lincolnshire, IL is 7,937 according to the latest Census data.
What is the median household income in Lincolnshire?
The median household income in Lincolnshire, IL is $179,735 per year.
What is the median home value in Lincolnshire?
The median home value in Lincolnshire, IL is $625,800.
What is the average rent in Lincolnshire?
The median monthly rent in Lincolnshire, IL is $2,655.
What is the unemployment rate in Lincolnshire?
The unemployment rate in Lincolnshire, IL is 1.5%.