Lincolnshire, IL
Population 7,937 · Illinois
About Lincolnshire, IL
Lincolnshire is a small town located in Illinois with a population of 7,937 residents according to the latest US Census Bureau American Community Survey data. The median household income is $179,735 per year, which is 139% above the national median of $75,149. The median age of 51.3 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 Lincolnshire features a median home value of $625,800, which is 156% above the national median of $244,900. This places Lincolnshire in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,655, 128% above the national average of $1,163/month. Of the 3,558 total housing units, 81% are owner-occupied (2,663 units) and 19% are renter-occupied (612 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lincolnshire shows an unemployment rate of 1.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lincolnshire have an average one-way commute time of 26.8 minutes.
Education & Demographics
76.7% of Lincolnshire 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 1.0% White, 0.1% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 23.6% of the population being foreign-born.
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.
Compare Lincolnshire With Other Cities
Frequently Asked Questions about Lincolnshire
What is the population of Lincolnshire, IL?
The population of Lincolnshire, IL is 7,937 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 Lincolnshire?
The median household income in Lincolnshire, IL is $179,735 per year, which is 139% above the national median of $75,149.
What is the median home value in Lincolnshire?
The median home value in Lincolnshire, IL is $625,800, which is 156% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lincolnshire?
The median monthly rent in Lincolnshire, IL is $2,655, which is 128% above the national average of $1,163/month.
What is the unemployment rate in Lincolnshire?
The unemployment rate in Lincolnshire, IL is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lincolnshire, IL a good place to live?
Lincolnshire offers above-average incomes, a competitive housing market, and a strong job market. With a population of 7,937 and a median age of 51.3, the city appeals to established professionals and retirees.
How educated is Lincolnshire, IL?
76.7% of residents in Lincolnshire 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 Lincolnshire?
Key cost-of-living indicators for Lincolnshire, IL: median home value is $625,800 (156% above national), median rent is $2,655/month, and median household income is $179,735. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lincolnshire?
The poverty rate in Lincolnshire, IL is 4.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lincolnshire, IL?
Lincolnshire's population is 1.0% White, 0.1% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 0.9% two or more races. 23.6% of residents are foreign-born.