What is the median household income in Lake Barrington, IL?
The median household income in Lake Barrington, IL is $141,958 (±$20,420) a year (2020–2024 American Community Survey).
In Lake Barrington, the median household income went from $110,972 in 2015–2019 to $141,958 in 2020–2024 (+27.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $141,958 (±$20,420)
- Median renter income
- $63,348 (±$20,626)
Income in Lake Barrington against Lake County, its state and the nation
| Lake Barrington | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $141,958 (±$20,420) | $110,416 (±$1,747) | $83,390 (±$362) | $80,734 |
| Median renter household income | $63,348 (±$20,626) | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median owner household income | $163,958 (±$27,868) | $134,561 (±$2,098) | $103,505 (±$377) | $100,009 |
| Median gross rent | $3,500 or more | $1,477 (±$29) | $1,274 (±$5) | $1,413 |
In Lake Barrington, median household income is higher than in Lake County ($110,416).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Lake County, Lake Barrington ranks 26 of 71 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 113 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $110,972 (±$16,486) | $141,958 (±$20,420) | +27.9% | No measurable change after inflation |
| Median home value | $379,700 (±$21,296) | $475,700 (±$36,709) | +25.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Lake Barrington
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lake Barrington | — | $141,958 (±$20,420) | — |
| Cuba Township | 1.0 mi | $154,263 (±$13,820) | Not measurably different |
| Tower Lakes | 1.4 mi | $154,167 (±$31,589) | Not measurably different |
| North Barrington | 2.1 mi | $226,055 (±$14,797) | Higher |
| Fox River Grove | 2.5 mi | $121,506 (±$14,994) | Not measurably different |
| Port Barrington | 2.7 mi | $149,886 (±$8,524) | Not measurably different |
| Cary | 4.1 mi | $113,026 (±$10,663) | Lower |
| Trout Valley | 4.3 mi | $217,292 (±$31,495) | Higher |
| Lake Zurich | 4.3 mi | $135,968 (±$12,238) | Not measurably different |
Nearby places with a measurably lower figure: Cary, IL ($113,026).
Nearby places with a measurably higher figure: North Barrington, IL ($226,055), Trout Valley, IL ($217,292).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lake County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 20 | Tower Lakes | $154,167 (±$31,589) |
| 21 | Moraine Township | $153,798 (±$10,473) |
| 22 | Third Lake | $150,139 (±$30,382) |
| 23 | Green Oaks | $147,614 (±$53,511) |
| 24 | Vernon Township | $145,857 (±$6,945) |
| 25 | Wadsworth | $142,738 (±$49,806) |
| 26 | Lake Barrington | $141,958 (±$20,420) |
| 27 | Knollwood | $138,618 (±$86,965) |
| 28 | Lake Zurich | $135,968 (±$12,238) |
| 29 | Libertyville Township | $134,398 (±$8,485) |
| 30 | Lindenhurst | $131,474 (±$9,445) |
| 31 | Hainesville | $129,911 (±$28,031) |
| 32 | Buffalo Grove | $129,395 (±$8,479) |
Showing 13 of 71 places in Lake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Barrington
What is the median household income in Lake Barrington?
The median household income in Lake Barrington is $141,958 (±$20,420) a year (2020–2024 American Community Survey).
Have incomes in Lake Barrington kept up with inflation?
In Lake Barrington, the median household income went from $110,972 in 2015–2019 to $141,958 in 2020–2024 (+27.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Lake Barrington?
The median renting household in Lake Barrington, IL earns $63,348 (±$20,626) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Barrington village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Barrington village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Barrington village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Barrington village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Barrington village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Barrington village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Barrington village, Illinois (place:40884, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lake Barrington at a glance
- Median rent in Lake Barrington
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- Renters and owners in Lake Barrington
- Home values in Lake Barrington
- Homeowner costs in Lake Barrington
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- Types of homes in Lake Barrington
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- Age of homes in Lake Barrington
- Heating fuel in Lake Barrington
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- Population growth in Lake Barrington
- How long people stay in Lake Barrington
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by median household income
- Housing data for every place in Illinois