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Third Lake village, Illinois

City

Population: 1,203 (2023 estimate)

Located in Illinois , Illinois

Census Bureau data for Third Lake village 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.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Third Lake village

What is the median household income in Third Lake village?
The median household income in Third Lake village is $150,893 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Third Lake village?
The poverty rate in Third Lake village is 0.0% (U.S. Census Bureau ACS 2023).
What is the median home value in Third Lake village?
$329,500 (U.S. Census Bureau ACS 2023).
What percentage of Third Lake village residents have a college degree?
70.9% of adults in Third Lake village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
1,203
Median Income
$150,893
Median Home Value
$329,500
Poverty Rate
0.0%
Unemployment (ACS 2023)
2.8%
Median Age
50.0 yrs
Since 2019 Median Income: +$34,330 (+29.5%) Home Value: +$62,100 (+23.2%) Bachelor's+: +6.5 pp (+10.1%) Unemployment: +1.6 pp (+133.3%)

Demographics

Total Population 1,203
Median Age 50.0
Female 50.7%
Race & Ethnicity
Hispanic or Latino 14.0% White (non-Hisp.) 82.9% Asian 1.2% Two or More 3.7% Other 1.0%
Asian Subgroups (% of total pop.)
Indian
1.0%
Filipino
0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $150,893 ±$20,964
+$69,191 vs. state
Per Capita Income $153,791
Median Family Income $160,882
Poverty Rate 0.0%
-8.2 pp vs. state
Child Poverty Rate 0.0%
Working-Age Poverty Rate
SNAP Recipients 8.2%
Social Security Income
Retirement Income 38.2%
Household Income Distribution
$15–25k
0.6%
$35–50k
4.3%
$50–75k
10.8%
$75–100k
8.0%
$100–150k
25.8%
$150–200k
19.6%
$200k+
30.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 501
Owner-Occupied 99.2%
Renter-Occupied 0.8%
Vacancy Rate 2.4%
Median Home Value $329,500
+$79,000 vs. state
Median Gross Rent
Owner Cost Burden (30%+) 17.3%
Renter Cost Burden (30%+) 0.0%
Home Value Distribution
< $50k
0.6%
$100–200k
0.4%
$200–300k
36.9%
$300–500k
48.5%
$500k–$1M
13.0%
Vehicle Availability
1 vehicle
17.4%
2 vehicles
59.3%
3+
23.3%
Housing Type
Single-fam. det.
94.4%
5–19 units
5.6%
Housing Age
Pre-1940
8.2%
1940–1969
0.6%
1970–1999
2.4%
2000–2009
1.6%
2010+
0.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 99.6%
Bachelor's or Higher 70.9%
+33.7 pp vs. state
Graduate Degree 35.6%
Some College / Associate 14.8%
Less Than High School 0.4%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 61.5%
Unemployment Rate 2.8%
-3.0 pp vs. state
Work from Home 13.4%
Self-Employed 3.9%
Government Workers 19.0%
Private For-Profit 77.1%
Industry
Prof. Services
22.1%
Edu/Health
19.4%
Manufacturing
11.7%
Finance
11.4%
Retail
8.0%
Arts/Entmt.
6.3%
Construction
5.6%
Public Admin
4.4%
Wholesale
4.1%
Transportation
3.4%
Information
0.5%
Occupation
Management
57.9%
Sales
15.6%
Food Prep
13.1%
Production
7.1%
Construction
6.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 29.5 min
Drove Alone 75.6%
Carpool 6.5%
Public Transit 1.7%
Work from Home 13.4%
Walked 2.4%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 489
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 76.3%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 30.3%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
4.5%
5–9
4.6%
10–14
8.0%
15–19
5.0%
20–24
3.5%
25–34
6.7%
35–44
13.6%
45–54
14.7%
55–64
8.4%
65–74
5.1%
75–84
19.3%
85+
6.4%
Under 18: 19.5% Working age (18–64): 80.5% 65 and over: 26.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 6.7%
Naturalized Citizen 48.8%
Speaks English Less Than Very Well 2.3%
Foreign-Born Origin
Latin America
47.5%
Europe
36.3%
Asia
11.3%

Veterans & Disability

Veteran 6.0%
With a Disability 8.9%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 99.3%
Uninsured 0.7%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 98.2%
Has a Computer 98.2%
Same House 1 Year Ago 91.8%
Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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