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The total population of Third Lake is estimated to be 1,214 with 612 males (50.41%) and 602 females (49.59%). There are 10 less females than males in Third Lake.
The median household income in Third Lake was $152,409 in 2021, which marked an a decrease of 589(0.38%) from $152,998 in 2020. This income is 204.29% 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, Third Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $184,206. Overall, the median household income for the village of Third Lake stands at $152,409.
In Third Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $82,758 for males and $50,303 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $89,025 for males and $89,851 for females.
In Third Lake, population is primarily represented by White households, reporting a median income of $154,263.
In 2022, the population of Third Lake was 1,096, a 0.99% decrease year-by-year from 2021. Previously, in 2021, Third Lake's population was 1,107, a decline of 0.09% compared to a population of 1,108 in 2020.
The median age in Third Lake, IL is 50.3, as per 2021 ACS 5-Year Estimates. Of the total population, 16.36% were under the age of 15, 13.28% aged 15 to 29, 46.88% aged 30 to 64, 22.34% aged 65 to 84, and 1.14% were 85 years of age and older.
Racial distribution of Third Lake population: 93.93% are White, 4.49% are American Indian and Alaska Native, 0.09% are Asian, 0.97% are some other race and 0.53% are multiracial.