Most Expensive Lake Forest Neighborhoods
Lake Forest is a medium-sized city located in the state of Illinois. With a population of 19,379 people and five constituent neighborhoods, Lake Forest is the 125th largest community in Illinois.
Lake Forest home prices are not only among the most expensive in Illinois, but Lake Forest real estate also consistently ranks among the most expensive in America.
Lake Forest is a decidedly white-collar city, with fully 95.07% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Forest is a city of managers, professionals and sales and office workers. There are especially a lot of people living in Lake Forest who work in management occupations (24.03%), sales jobs (18.88%) and business and financial occupations (10.64%).
Of important note, Lake Forest is also a city of artists. Lake Forest has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Lake Forest’s character.
Also of interest is that Lake Forest has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Lake Forest telecommute to their jobs. Overall, about 10.95% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.
Lake Forest is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Lake Forest’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
In Lake Forest, a lot of people use the train to get to work every day though Lake Forest is a relatively small city. Those that ride the train are primarily traveling out of town to good jobs in other cities.
If knowledge is power, Lake Forest is a pretty powerful place. 74.69% of the adults in Lake Forest 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 Forest in 2010 was $86,417, which is wealthy relative to Illinois and the nation. This equates to an annual income of $345,668 for a family of four.
The people who call Lake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Forest residents report their race to be White, followed by Asian. Important ancestries of people in Lake Forest include Irish, German, Italian, English, Polish and Scottish.
The most common language spoken in Lake Forest is English. Some people also speak Spanish.
|LAKE FOREST INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||6,763|
|LAKE FOREST HOME OWNERSHIP|
|% OWNER OCCUPIED||83.68%|
|% RENTER OCCUPIED||16.33%|
|TYPE OF LAKE FOREST HOMES|
|SINGLE FAMILY DETACHED||81.00%|
|ROWHOUSES AND ATTACHED HOMES||6.51%|
|SMALL APARTMENT BUILDINGS||1.55%|
|COMPLEXES OR HIGH RISE APARTMENTS||10.08%|
|SIZE OF LAKE FOREST HOMES|
|5 OR MORE BEDROOMS||22.54%|
|AGE OF LAKE FOREST HOMES|
|NEWER HOMES (2000 OR LATER)||11.38%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||41.60%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||29.61%|
|HISTORIC (1939 OR BEFORE)||17.42%|
|LAKE FOREST REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$864,123|
|MEDIAN RENTAL PRICE||$1,560|
|HOME VALUE RANGE|
|$0 - $52,000||0.78%|
|$52,001 - $104,000||1.00%|
|$104,001 - $207,000||2.47%|
|$207,001 - $311,000||3.60%|
|$311,001 - $415,000||5.90%|
|$415,001 - $519,000||5.50%|
|$519,001 - $778,000||24.23%|
|$778,001 - $1,037,000||19.69%|
|PEOPLE OF LAKE FOREST||DETAILS|
|UNDER 5 YEARS||3.99%|
|5 TO 17||20.67%|
|18 TO 24||8.44%|
|25 TO 34||4.48%|
|35 TO 54||26.55%|
|55 TO 64||16.86%|
|65 YEARS AND OVER||19.01%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.33%|
|MEDIAN HOUSEHOLD INCOME||$147,162|
|PER CAPITA INCOME||$86,417|
|INDIVIDUALS BELOW POVERTY LEVEL||5.13%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (16.17%)
Real estate (5.63%)
Information Technology (2.39%)
|BLACK OR AFRICAN AMERICAN||0.81%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.06%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.29%|
|TWO OR MORE RACES||0.90%|
|HISPANIC OR LATINO (OF ANY RACE)||2.56%|
|ETHNICITIES PRESENT||Irish (14.27%)
|LANGUAGES SPOKEN||English (88.05%)
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