What is the median household income in Third Lake, IL?

Name: Income and affordability in Third Lake, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Third Lake, IL is $150,139 (±$30,382) a year (2020–2024 American Community Survey).

In Third Lake, the median household income went from $116,563 in 2015–2019 to $150,139 in 2020–2024 (+28.8%).

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 November 12, 2026.

Median household income: $150,139 (±$30,382)

Income in Third Lake against Lake County, its state and the nation

Income, estimate (90% margin of error)
	Third Lake	Lake County	Illinois	United States
Median household income	$150,139 (±$30,382)	$110,416 (±$1,747)	$83,390 (±$362)	$80,734
Median renter household income	—	$60,278 (±$2,115)	$50,420 (±$471)	$52,966
Median owner household income	$150,694 (±$30,187)	$134,561 (±$2,098)	$103,505 (±$377)	$100,009
Median gross rent	—	$1,477 (±$29)	$1,274 (±$5)	$1,413

In Third Lake, 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, Third Lake ranks 22 of 71 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 81 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 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median household income	$116,563 (±$12,292)	$150,139 (±$30,382)	+28.8%	No measurable change after inflation
Median home value	$267,400 (±$16,450)	$361,500 (±$12,841)	+35.2%	Up 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 Third Lake

Nearest places with a published estimate, compared with Third Lake
Place	Distance	Median household income	Compared with this place
Third Lake	—	$150,139 (±$30,382)	—
Gages Lake	1.8 mi	$103,318 (±$7,164)	Lower
Grandwood Park	1.8 mi	$126,736 (±$26,204)	Not measurably different
Grayslake	2.4 mi	$113,972 (±$4,221)	Lower
Avon Township	2.6 mi	$97,925 (±$4,647)	Lower
Venetian Village	3.1 mi	$79,273 (±$19,412)	Lower
Warren Township (Lake County)	3.2 mi	$104,155 (±$4,195)	Lower
Lindenhurst	3.4 mi	$131,474 (±$9,445)	Not measurably different
Gurnee	3.7 mi	$119,628 (±$7,873)	Not measurably different

Nearby places with a measurably lower figure: Gages Lake, IL ($103,318), Grayslake, IL ($113,972), Avon Township, IL ($97,925).

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
16	Libertyville	$165,667 (±$6,307)
17	Indian Creek	$164,250 (±$38,297)
18	Volo	$160,792 (±$14,553)
19	Cuba Township	$154,263 (±$13,820)
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)

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 Third Lake

What is the median household income in Third Lake?

The median household income in Third Lake is $150,139 (±$30,382) a year (2020–2024 American Community Survey).

Have incomes in Third Lake kept up with inflation?

In Third Lake, the median household income went from $116,563 in 2015–2019 to $150,139 in 2020–2024 (+28.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Sources

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 Third Lake village, Illinois (place:75081, 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.

Request a Census API 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.