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The total population of Lake Villa is estimated to be 8,701 with 4,255 males (48.90%) and 4,446 females (51.10%). There are 191 more females than males in Lake Villa.
The median household income in Lake Villa was $124,951 in 2021, which marked an an increase of 5,247(4.38%) from $119,704 in 2020. This income is 167.48% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lake Villa sees its highest median household income among householders in the age group of 45 to 64 years old, at $155,623. Overall, the median household income for the village of Lake Villa stands at $124,951.
In Lake Villa, the median income for all workers aged 15 years and older, regardless of work hours, was $70,508 for males and $45,151 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $83,278 for males and $66,510 for females.
In Lake Villa, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $177,430, while Two or More Races households represent the opposite end with the lowest median household income of $98,633.
In 2022, the population of Lake Villa was 8,647, a 0.59% decrease year-by-year from 2021. Previously, in 2021, Lake Villa's population was 8,698, a decline of 0.32% compared to a population of 8,726 in 2020.
The median age in Lake Villa, IL is 38.4, as per 2021 ACS 5-Year Estimates. Of the total population, 20.12% were under the age of 15, 21.47% aged 15 to 29, 47.37% aged 30 to 64, 10.61% aged 65 to 84, and 0.42% were 85 years of age and older.
Racial distribution of Lake Villa population: 77.31% are White, 3.39% are Black or African American, 0.30% are American Indian and Alaska Native, 8.26% are Asian, 2.05% are some other race and 8.69% are multiracial.