What is the median household income in Tower Lakes, IL?

The median household income in Tower Lakes, IL is $154,167 (±$31,589) a year (2020–2024 American Community Survey).

In Tower Lakes, the median household income went from $147,000 in 2015–2019 to $154,167 in 2020–2024 (+4.9%).

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
$154,167 (±$31,589)

Income in Tower Lakes against Lake County, its state and the nation

Income, estimate (90% margin of error)
Tower LakesLake CountyIllinoisUnited States
Median household income$154,167 (±$31,589)$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$163,523 (±$36,303)$134,561 (±$2,098)$103,505 (±$377)$100,009
Median gross rent—$1,477 (±$29)$1,274 (±$5)$1,413

In Tower Lakes, 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, Tower Lakes ranks 20 of 71 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 73 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
2015–20192020–2024Amount of changeVerdict
Median household income$147,000 (±$23,948)$154,167 (±$31,589)+4.9%No measurable change after inflation
Median home value$481,000 (±$27,032)$510,300 (±$51,239)+6.1%Down 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 Tower Lakes

Nearest places with a published estimate, compared with Tower Lakes
PlaceDistanceMedian household incomeCompared with this place
Tower Lakes—$154,167 (±$31,589)—
Lake Barrington1.4 mi$141,958 (±$20,420)Not measurably different
North Barrington2.0 mi$226,055 (±$14,797)Higher
Cuba Township2.2 mi$154,263 (±$13,820)Not measurably different
Port Barrington2.3 mi$149,886 (±$8,524)Not measurably different
Wauconda3.5 mi$111,239 (±$8,032)Lower
Fox River Grove3.8 mi$121,506 (±$14,994)Not measurably different
Wauconda Township3.8 mi$112,337 (±$5,416)Lower
Lake Zurich4.1 mi$135,968 (±$12,238)Not measurably different

Nearby places with a measurably lower figure: Wauconda, IL ($111,239), Wauconda Township, IL ($112,337).

Nearby places with a measurably higher figure: North Barrington, IL ($226,055).

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

RankPlaceMedian household income
14Ela Township$173,916 (±$8,389)
15Highland Park$168,094 (±$17,851)
16Libertyville$165,667 (±$6,307)
17Indian Creek$164,250 (±$38,297)
18Volo$160,792 (±$14,553)
19Cuba Township$154,263 (±$13,820)
20Tower Lakes$154,167 (±$31,589)
21Moraine Township$153,798 (±$10,473)
22Third Lake$150,139 (±$30,382)
23Green Oaks$147,614 (±$53,511)
24Vernon Township$145,857 (±$6,945)
25Wadsworth$142,738 (±$49,806)
26Lake Barrington$141,958 (±$20,420)

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 Tower Lakes

What is the median household income in Tower Lakes?

The median household income in Tower Lakes is $154,167 (±$31,589) a year (2020–2024 American Community Survey).

Have incomes in Tower Lakes kept up with inflation?

In Tower Lakes, the median household income went from $147,000 in 2015–2019 to $154,167 in 2020–2024 (+4.9%).

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 Tower Lakes village, Illinois (place:75874, 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.

Figures last updated on .

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