Lake Barrington is a very small village located in the state of Illinois. With a population of 4,905 people and two constituent neighborhoods, Lake Barrington is the 339th largest community in Illinois.
Lake Barrington home prices are not only among the most expensive in Illinois, but Lake Barrington real estate also consistently ranks among the most expensive in America.
Lake Barrington is a decidedly white-collar village, with fully 90.16% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Barrington is a village of managers, sales and office workers, and professionals. There are especially a lot of people living in Lake Barrington who work in management occupations (23.59%), sales jobs (17.66%), and office and administrative support (11.77%).
Of important note, Lake Barrington is also a village of artists. Lake Barrington has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Lake Barrington’s character.
Also of interest is that Lake Barrington 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: 16.70% 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.
Because of many things, Lake Barrington 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 Barrington really has some of the features that families look for when choosing a good community to raise children. Is Lake Barrington 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.
One downside of living in Lake Barrington, however, is that residents on average have to contend with a long commute, spending on average 34.33 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Despite being a small village, Lake Barrington has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
If knowledge is power, Lake Barrington is a pretty powerful place. 60.02% of the adults in Lake Barrington 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 Barrington in 2010 was $67,237, which is wealthy relative to Illinois and the nation. This equates to an annual income of $268,948 for a family of four.
The people who call Lake Barrington home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Barrington residents report their race to be White, followed by Asian. Important ancestries of people in Lake Barrington include German, Irish, English, Italian, and Polish.
The most common language spoken in Lake Barrington is English. Other important languages spoken here include Spanish and Other Indo-European.