Lake Zurich is a medium-sized village located in the state of Illinois. With a population of 19,624 people and five constituent neighborhoods, Lake Zurich is the 125th largest community in Illinois.
Lake Zurich home prices are not only among the most expensive in Illinois, but Lake Zurich real estate also consistently ranks among the most expensive in America.
Also of interest is that Lake Zurich has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 14.08% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 Zurich 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 Zurich really has some of the features that families look for when choosing a good community to raise children. Is Lake Zurich 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 Zurich is that it can take a long time to commute to work. In Lake Zurich, the average commute to work is 30.93 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.
Even though Lake Zurich 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 Zurich is a pretty powerful place. 55.29% of the adults in Lake Zurich 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 Zurich in 2018 was $53,169, which is wealthy relative to Illinois and the nation. This equates to an annual income of $212,676 for a family of four.
Lake Zurich is a somewhat ethnically-diverse village. The people who call Lake Zurich home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Zurich residents report their race to be White, followed by Asian. Important ancestries of people in Lake Zurich include German, Irish, Polish, Italian, and English.
Foreign born people are also an important part of Lake Zurich's cultural character, accounting for 16.18% of the village’s population.
The most common language spoken in Lake Zurich is English. Other important languages spoken here include Polish and Spanish.