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The total population of Lake Forest is estimated to be 19,436 with 9,366 males (48.19%) and 10,070 females (51.81%). There are 704 more females than males in Lake Forest.
The median household income in Lake Forest was $209,986 in 2021, which marked an a decrease of 4,311(2.01%) from $214,297 in 2020. This income is 281.46% 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 Forest sees its highest median household income among householders in the age group of 45 to 64 years old, at $270,229. Overall, the median household income for the city of Lake Forest stands at $209,986.
In Lake Forest, the median income for all workers aged 15 years and older, regardless of work hours, was $118,309 for males and $42,324 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $187,471 for males and $97,153 for females.
In Lake Forest, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, White households have the highest median household income at $219,381, while Some Other Race households represent the opposite end with the lowest median household income of $100,059.
In 2022, the population of Lake Forest was 19,252, a 0.31% decrease year-by-year from 2021. Previously, in 2021, Lake Forest's population was 19,312, a decline of 0.18% compared to a population of 19,346 in 2020.
The median age in Lake Forest, IL is 46.4, as per 2021 ACS 5-Year Estimates. Of the total population, 15.37% were under the age of 15, 22.45% aged 15 to 29, 37.70% aged 30 to 64, 20.50% aged 65 to 84, and 3.98% were 85 years of age and older.
Racial distribution of Lake Forest population: 84.80% are White, 1.08% are Black or African American, 0.81% are American Indian and Alaska Native, 7.22% are Asian, 1.41% are some other race and 4.67% are multiracial.