Lake Barrington, Illinois Median Income

Lake Barrington, Illinois has a population of 5,000, with a median household income of $103,245.

Current median income data for Lake Barrington.

$103,245

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Population

5,000

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Median Income

$103,245

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Unemployment

4.80%

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Housing Price

$452,110

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Crime Rate

2.20

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Internet Speed

220.00 Mbps

Lake Barrington is a small local community located in Illinois. The city has a population that is below the average city population in Illinois, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Illinois, Lake Barrington provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Lake Barrington has a population of 5,000, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Lake Barrington is $103,245, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Lake Barrington average around $452,110, which is relatively high compared to other cities in Illinois.

Employment and Safety

The unemployment rate in Lake Barrington is 4.80%, which is lower than the state average, indicating a relatively strong job market. Lake Barrington has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Illinois, Lake Barrington shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Lake Barrington continues to play a role in shaping regional trends in Illinois, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Lake Barrington

What is the population of Lake Barrington?

The population of Lake Barrington is approximately 5,000.

Is Lake Barrington a good place to live?

Lake Barrington offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Lake Barrington?

The median household income in Lake Barrington is around $103,245.

How expensive is housing in Lake Barrington?

The average housing price in Lake Barrington is approximately $452,110.