Most Expensive Lake Bluff Neighborhoods
About Lake Bluff
Lake Bluff is a somewhat small village located in the state of Illinois. With a population of 5,748 people and two constituent neighborhoods, Lake Bluff is the 310th largest community in Illinois.
Lake Bluff home prices are not only among the most expensive in Illinois, but Lake Bluff real estate also consistently ranks among the most expensive in America.
Lake Bluff is a decidedly white-collar village, with fully 92.61% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Bluff is a village of professionals, managers and sales and office workers. There are especially a lot of people living in Lake Bluff who work in management occupations (17.55%), sales jobs (14.74%) and business and financial occupations (11.54%).
Of important note, Lake Bluff is also a village of artists. Lake Bluff has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Lake Bluff’s character.
Also of interest is that Lake Bluff has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.18% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Lake Bluff is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Lake Bluff is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Lake Bluff really has some of the features that families look for when choosing a good community to raise children. Is Lake Bluff perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Even though Lake Bluff is a smaller village, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, Lake Bluff is a pretty powerful place. 79.06% of the adults in Lake Bluff have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Lake Bluff in 2010 was $63,752, which is wealthy relative to Illinois and the nation. This equates to an annual income of $255,008 for a family of four.
The people who call Lake Bluff home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Bluff residents report their race to be White, followed by Asian. Important ancestries of people in Lake Bluff include English, German, Irish, Italian, Swedish and Polish.
The most common language spoken in Lake Bluff is English. Some people also speak Chinese.
|LAKE BLUFF INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||2,055|
|LAKE BLUFF HOME OWNERSHIP|
|% OWNER OCCUPIED||94.19%|
|% RENTER OCCUPIED||5.81%|
|TYPE OF LAKE BLUFF HOMES|
|SINGLE FAMILY DETACHED||90.51%|
|ROWHOUSES AND ATTACHED HOMES||4.31%|
|SMALL APARTMENT BUILDINGS||2.75%|
|COMPLEXES OR HIGH RISE APARTMENTS||2.43%|
|SIZE OF LAKE BLUFF HOMES|
|5 OR MORE BEDROOMS||13.26%|
|AGE OF LAKE BLUFF HOMES|
|NEWER HOMES (2000 OR LATER)||8.30%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||42.20%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||36.88%|
|HISTORIC (1939 OR BEFORE)||12.62%|
|LAKE BLUFF REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$591,390|
|MEDIAN RENTAL PRICE||$1,273|
|HOME VALUE RANGE|
|$0 - $46,000||0.00%|
|$46,001 - $91,000||1.42%|
|$91,001 - $183,000||2.50%|
|$183,001 - $274,000||3.05%|
|$274,001 - $365,000||7.18%|
|$365,001 - $457,000||17.57%|
|$457,001 - $685,000||30.96%|
|$685,001 - $913,000||16.92%|
|PEOPLE OF LAKE BLUFF||DETAILS|
|UNDER 5 YEARS||4.56%|
|5 TO 17||24.75%|
|18 TO 24||5.30%|
|25 TO 34||4.28%|
|35 TO 54||31.88%|
|55 TO 64||14.58%|
|65 YEARS AND OVER||14.66%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||100.00%|
|MEDIAN HOUSEHOLD INCOME||$146,500|
|PER CAPITA INCOME||$63,752|
|INDIVIDUALS BELOW POVERTY LEVEL||4.80%|
|INDUSTRIES PEOPLE WORK IN||Manufacturing (18.18%)
Professional, scientific, and technical services (13.56%)
Real estate (2.85%)
|BLACK OR AFRICAN AMERICAN||0.58%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.10%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.44%|
|TWO OR MORE RACES||1.29%|
|HISPANIC OR LATINO (OF ANY RACE)||1.90%|
|ETHNICITIES PRESENT||English (14.55%)
|LANGUAGES SPOKEN||English (88.95%)
Other Asian languages (1.15%)
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