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The total population of Tower Lakes is estimated to be 1,282 with 655 males (51.09%) and 627 females (48.91%). There are 28 less females than males in Tower Lakes.
The median household income in Tower Lakes was $160,786 in 2021, which marked an a decrease of 1,536(0.95%) from $162,322 in 2020. This income is 215.51% 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, Tower Lakes sees its highest median household income among householders in the age group of 25 to 44 years old, at $241,314. Overall, the median household income for the village of Tower Lakes stands at $160,786.
In Tower Lakes, the median income for all workers aged 15 years and older, regardless of work hours, was $81,407 for males and $41,271 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $121,152 for males and $86,924 for females.
In Tower Lakes, population is primarily represented by White households, reporting a median income of $161,686.
In 2022, the population of Tower Lakes was 1,208, a 0.66% decrease year-by-year from 2021. Previously, in 2021, Tower Lakes's population was 1,216, a decline of 0.65% compared to a population of 1,224 in 2020.
The median age in Tower Lakes, IL is 46.1, as per 2021 ACS 5-Year Estimates. Of the total population, 20.22% were under the age of 15, 17.16% aged 15 to 29, 41.72% aged 30 to 64, 20.00% aged 65 to 84, and 0.90% were 85 years of age and older.
Racial distribution of Tower Lakes population: 95.45% are White, 0.75% are Black or African American, 1.64% are Asian and 2.16% are multiracial.