Tower Lakes, IL
Population 1,148 · Illinois
About Tower Lakes, IL
Tower Lakes is a small community in Illinois with a population of 1,148 residents. The median household income is $172,656 per year, which is above the national average. The median age in Tower Lakes is 48.8 years.
Housing in Tower Lakes has a median home value of $495,900 and median monthly rent of $2,375. Of the 459 total housing units, the majority are owner-occupied, with 423 owner-occupied and 12 renter-occupied units.
The unemployment rate in Tower Lakes is 3.3% and the poverty rate is 3.0%. 77.8% of residents hold a bachelor's degree or higher. The average commute time is 37.7 minutes.
How Tower Lakes Ranks in Illinois
Cost of Living in Tower Lakes, IL
Compared to national averages, Tower Lakes has a median household income of $172,656 (130% above the national median of $75,149). Home values average $495,900, which is 102% above the national median. Monthly rent at $2,375 is 104% above the US average of $1,163. Within Illinois, Tower Lakes's income is 130% above the state average of $75,072, and home values are 199% above the state median of $165,779.
Why Live in Tower Lakes, IL?
Tower Lakes offers a strong local economy with a median household income of $172,656, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 77.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $495,900. However, Tower Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tower Lakes has a population of 1,148 with a median age of 48.8 years. Compare Tower Lakes with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Tower Lakes
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Forreston | 1,148 | $68,042 | $116,500 | Compare |
| Newark | 1,152 | $129,688 | $234,800 | Compare |
| Kingston | 1,156 | $81,806 | $212,300 | Compare |
| Greenfield | 1,137 | $70,469 | $97,600 | Compare |
| Milford | 1,136 | $45,000 | $65,300 | Compare |
| Chatsworth | 1,161 | $61,731 | $103,000 | Compare |
| Edinburg | 1,163 | $95,292 | $111,300 | Compare |
| Marissa | 1,133 | $48,393 | $87,000 | 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 Tower Lakes
What is the population of Tower Lakes, IL?
The population of Tower Lakes, IL is 1,148 according to the latest Census data.
What is the median household income in Tower Lakes?
The median household income in Tower Lakes, IL is $172,656 per year.
What is the median home value in Tower Lakes?
The median home value in Tower Lakes, IL is $495,900.
What is the average rent in Tower Lakes?
The median monthly rent in Tower Lakes, IL is $2,375.
What is the unemployment rate in Tower Lakes?
The unemployment rate in Tower Lakes, IL is 3.3%.