Lake Forest is a medium-sized city located in the state of Illinois. With a population of 19,446 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 94.94% 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 (24.15%), sales jobs (14.72%), and business and financial occupations (10.91%).
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.27% 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.
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 is lower than average for the country.
In Lake Forest, however, the average commute to work is quite long. On average, people spend 30.77 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
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. 80.49% 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 2018 was $99,907, which is wealthy relative to Illinois and the nation. This equates to an annual income of $399,628 for a family of four.
Lake Forest is a somewhat ethnically-diverse city. 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 German, Irish, English, Italian, and Polish.
The most common language spoken in Lake Forest is English. Other important languages spoken here include Spanish and Langs. of India.