How many renters in Lake Forest, IL pay more than 30% of their income on rent?
38.8% (±13.7 points) of renting households in Lake Forest, IL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
32.9% spend 35% or more.
The median renting household spends 27.7% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 38.8% (±13.7 points)
- Paying 35% or more
- 32.9% (±12.4 points)
- Median share of income
- 27.7% (±2.5 points)
Rent as a share of income in Lake Forest
| Share of income spent on rent | Lake Forest | Lake County | Illinois | United States |
|---|---|---|---|---|
| Less than 15% | 15.4% (±8.2 points) | 14.4% | 14.4% | 12.6% |
| 15% to 19.9% | 16.7% (±13.4 points) | 12.6% | 13.4% | 12.2% |
| 20% to 24.9% | 4.5% (±5.2 points) | 13.2% | 13.1% | 12.6% |
| 25% to 29.9% | 24.5% (±13.7 points) | 10.5% | 11.2% | 11.5% |
| 30% to 34.9% | 5.9% (±5.8 points) | 9.2% | 8.9% | 9.2% |
| 35% or more | 32.9% (±12.4 points) | 40.1% | 39.0% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Lake Forest against Lake County, its state and the nation
| Lake Forest | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Paying 30% or more | 38.8% (±13.7 points) | 49.3% (±2.3 points) | 47.9% (±0.4 points) | 51.1% |
| Paying 35% or more | 32.9% (±12.4 points) | 40.1% (±1.8 points) | 39.0% (±0.4 points) | 41.9% |
| Median share of income | 27.7% (±2.5 points) | 29.7% (±1.0 points) | 29.1% (±0.2 points) | 30.6% |
| Median renter household income | $81,214 (±$15,759) | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median gross rent | $1,815 (±$180) | $1,477 (±$29) | $1,274 (±$5) | $1,413 |
In Lake Forest, the share of renters paying 30% or more of income is not measurably different from Lake County (49.3%).
It is not measurably different from Illinois (47.9%).
It is not measurably different from the national figure (51.1%).
In Lake County, Lake Forest ranks 57 of 71 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 1306 of 2,503.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Lake Forest
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Lake Forest | — | 38.8% (±13.7 points) | — |
| West Deerfield Township | 2.8 mi | 49.6% (±14.7 points) | Not measurably different |
| Highwood | 3.0 mi | 44.3% (±18.3 points) | Not measurably different |
| Bannockburn | 3.0 mi | 100.0% (±141.4 points) | Not measurably different |
| Shields Township | 3.2 mi | 53.0% (±7.9 points) | Not measurably different |
| Lake Bluff | 3.3 mi | 61.2% (±31.8 points) | Not measurably different |
| Mettawa | 3.3 mi | 0.0% (±141.4 points) | Not measurably different |
| Knollwood | 3.6 mi | 82.1% (±38.9 points) | Higher |
| Lincolnshire | 4.1 mi | 52.1% (±14.0 points) | Not measurably different |
Nearby places with a measurably higher figure: Knollwood, IL (82.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Lake County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 51 | Hainesville | 44.4% (±53.0 points) |
| 52 | Highwood | 44.3% (±18.3 points) |
| 53 | Lake Zurich | 44.2% (±14.8 points) |
| 54 | Antioch | 43.4% (±12.9 points) |
| 55 | Vernon Township | 43.0% (±5.8 points) |
| 56 | Benton Township (Lake County) | 42.5% (±17.0 points) |
| 57 | Lake Forest | 38.8% (±13.7 points) |
| 58 | Lake Villa Township | 36.1% (±8.4 points) |
| 59 (tie) | Buffalo Grove | 34.8% (±7.0 points) |
| 59 (tie) | Lake Villa | 34.8% (±15.5 points) |
| 61 | Old Mill Creek | 34.4% (±26.0 points) |
| 62 | Lindenhurst | 33.2% (±14.8 points) |
| 63 | Round Lake Heights | 32.4% (±22.3 points) |
Showing 13 of 71 places in Lake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Lake Forest
Are renters in Lake Forest rent-burdened?
38.8% of renting households in Lake Forest pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Lake Forest spend on rent?
The median renting household in Lake Forest, IL spends 27.7% (±2.5 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Forest city, Illinois
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Lake Forest city, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Forest city, Illinois
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 Forest city, Illinois (place:41105, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
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 .
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