Census Bureau data for Lake Forest city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Lake Forest city
- What is the median household income in Lake Forest city?
- The median household income in Lake Forest city is $228,120 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Lake Forest city?
- The poverty rate in Lake Forest city is 2.4% (U.S. Census Bureau ACS 2023).
- What is the median home value in Lake Forest city?
- $909,800 (U.S. Census Bureau ACS 2023).
- What is the average rent in Lake Forest city?
- The median gross rent in Lake Forest city is $2,120 per month (U.S. Census Bureau ACS 2023).
- What percentage of Lake Forest city residents have a college degree?
- 80.8% of adults in Lake Forest city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
19,190
Median Income
$228,120
Median Home Value
$909,800
Poverty Rate
2.4%
Unemployment (ACS 2023)
2.1%
Median Age
46.0 yrs
Since 2019
Median Income:
+$55,955 (+32.5%)
Home Value:
+$66,900 (+7.9%)
Poverty Rate:
+1.0 pp (+71.4%)
Bachelor's+:
+0.3 pp (+0.4%)
Unemployment:
-1.9 pp (-47.5%)
Demographics
Total Population
19,190
Median Age
46.0
Female
52.4%
Race & Ethnicity
Hispanic or Latino 4.7%
White (non-Hisp.) 82.4%
Black 0.9%
Asian 6.1%
Two or More 6.8%
Other 1.4%
Asian Subgroups (% of total pop.)
Indian
2.1%
Korean
1.5%
Chinese
1.4%
Filipino
0.4%
Vietnamese
0.4%
Hispanic Subgroups (% of total pop.)
Mexican
1.9%
Puerto Rican
0.8%
Cuban
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$228,120
±$20,775
+$146,418 vs. state
Per Capita Income
$287,385
Median Family Income
$250,001
Poverty Rate
2.4%
-5.8 pp vs. state
Child Poverty Rate
3.6%
Working-Age Poverty Rate
—
SNAP Recipients
1.2%
Social Security Income
—
Retirement Income
36.2%
Household Income Distribution
< $10k
1.8%
$10–15k
0.4%
$15–25k
1.7%
$25–35k
2.5%
$35–50k
2.5%
$50–75k
9.0%
$75–100k
6.6%
$100–150k
11.9%
$150–200k
8.3%
$200k+
55.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
7,303
Owner-Occupied
89.3%
Renter-Occupied
10.7%
Vacancy Rate
5.9%
Median Home Value
$909,800
+$659,300 vs. state
Median Gross Rent
$2,120
Owner Cost Burden (30%+)
26.4%
Renter Cost Burden (30%+)
43.7%
Home Value Distribution
< $50k
1.3%
$50–100k
0.9%
$100–200k
0.7%
$200–300k
2.4%
$300–500k
10.9%
$500k–$1M
42.5%
$1M+
40.8%
Gross Rent Distribution
$500–1k
1.4%
$1–1.5k
15.8%
$1.5–2k
30.0%
$2–2.5k
11.6%
$2.5–3.5k
10.3%
$3.5k+
30.9%
Vehicle Availability
No vehicle
3.7%
1 vehicle
26.1%
2 vehicles
44.9%
3+
25.3%
Housing Type
Single-fam. det.
76.4%
Single-fam. att.
7.5%
2–4 units
2.0%
5–19 units
0.3%
20+ units
11.9%
Housing Age
Pre-1940
16.9%
1940–1969
1.9%
1970–1999
11.9%
2000–2009
11.6%
2010+
6.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
99.1%
Bachelor's or Higher
80.8%
+43.6 pp vs. state
Graduate Degree
43.2%
Some College / Associate
10.0%
Less Than High School
0.3%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
55.5%
Unemployment Rate
2.1%
-3.7 pp vs. state
Work from Home
27.8%
Self-Employed
3.6%
Government Workers
8.8%
Private For-Profit
87.4%
Industry
Prof. Services
24.2%
Edu/Health
21.3%
Finance
12.4%
Manufacturing
9.0%
Retail
7.1%
Arts/Entmt.
6.4%
Wholesale
4.1%
Public Admin
4.0%
Transportation
2.6%
Construction
2.3%
Information
1.9%
Agriculture
0.1%
Occupation
Management
68.3%
Sales
17.8%
Food Prep
8.9%
Production
4.2%
Construction
0.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
33.7 min
Drove Alone
48.0%
Carpool
2.2%
Public Transit
13.1%
Work from Home
27.8%
Walked
5.0%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
6,874
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
66.3%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
25.3%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
4.4%
5–9
4.6%
10–14
6.4%
15–19
8.5%
20–24
8.5%
25–34
8.5%
35–44
7.9%
45–54
11.9%
55–64
7.0%
65–74
6.4%
75–84
12.4%
85+
9.7%
Under 18: 19.6%
Working age (18–64): 80.4%
65 and over: 25.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
10.4%
Naturalized Citizen
58.2%
Speaks English Less Than Very Well
1.4%
Foreign-Born Origin
Asia
40.6%
Europe
33.1%
Latin America
13.1%
Africa
2.7%
Veterans & Disability
Veteran
3.3%
With a Disability
12.3%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.1%
Uninsured
1.9%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
95.7%
Has a Computer
97.5%
Same House 1 Year Ago
82.7%
Moved from Abroad
1.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023