Lake Barrington is a very small village located in the state of Illinois. With a population of 4,985 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 95.18% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Barrington is a village of professionals, managers and sales and office workers. There are especially a lot of people living in Lake Barrington who work in management occupations (22.65%), sales jobs (16.12%) and business and financial occupations (8.73%).
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.40% 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 great place for families with children to consider. First of all, many other families with children live here, making Lake Barrington a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Lake Barrington has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lake Barrington’s overall crime rate is lower than average for the country.
One downside of living in Lake Barrington is that it can take a long time to commute to work. In Lake Barrington, the average commute to work is 34.70 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the village, so leaving the car at home and taking transit is often a viable alternative.
In Lake Barrington, a lot of people use the train to get to work every day though Lake Barrington is a relatively small village. Those that ride the train are primarily traveling out of town to good jobs in other cities.
If knowledge is power, Lake Barrington is a pretty powerful place. 62.45% 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 $63,160, which is wealthy relative to Illinois and the nation. This equates to an annual income of $252,640 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, Polish, English, Italian and Swedish.
The most common language spoken in Lake Barrington is English. Some people also speak Spanish.
|LAKE BARRINGTON INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||2,319|
|LAKE BARRINGTON HOME OWNERSHIP|
|% OWNER OCCUPIED||83.08%|
|% RENTER OCCUPIED||16.92%|
|TYPE OF LAKE BARRINGTON HOMES|
|SINGLE FAMILY DETACHED||36.61%|
|ROWHOUSES AND ATTACHED HOMES||38.04%|
|SMALL APARTMENT BUILDINGS||13.24%|
|COMPLEXES OR HIGH RISE APARTMENTS||12.11%|
|SIZE OF LAKE BARRINGTON HOMES|
|5 OR MORE BEDROOMS||5.36%|
|AGE OF LAKE BARRINGTON HOMES|
|NEWER HOMES (2000 OR LATER)||10.54%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||80.68%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||7.00%|
|HISTORIC (1939 OR BEFORE)||1.77%|
|LAKE BARRINGTON REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$476,012|
|MEDIAN RENTAL PRICE||$1,642|
|HOME VALUE RANGE|
|$0 - $53,000||2.28%|
|$53,001 - $106,000||1.30%|
|$106,001 - $212,000||12.77%|
|$212,001 - $317,000||22.16%|
|$317,001 - $423,000||18.84%|
|$423,001 - $529,000||9.91%|
|$529,001 - $794,000||21.28%|
|$794,001 - $1,058,000||10.17%|
|PEOPLE OF LAKE BARRINGTON||DETAILS|
|UNDER 5 YEARS||2.33%|
|5 TO 17||12.20%|
|18 TO 24||5.47%|
|25 TO 34||4.85%|
|35 TO 54||22.19%|
|55 TO 64||18.13%|
|65 YEARS AND OVER||34.84%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.73%|
|MEDIAN HOUSEHOLD INCOME||$88,843|
|PER CAPITA INCOME||$63,160|
|INDIVIDUALS BELOW POVERTY LEVEL||5.47%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (15.89%)
Real estate (7.63%)
|BLACK OR AFRICAN AMERICAN||1.82%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.14%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.10%|
|TWO OR MORE RACES||1.28%|
|HISPANIC OR LATINO (OF ANY RACE)||2.75%|
|ETHNICITIES PRESENT||German (33.82%)
|LANGUAGES SPOKEN||English (87.97%)
Other Indo-European (1.46%)
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