Lake Forest is a city located in Lake County, Illinois. Lake Forest has a 2026 population of 19,788. Lake Forest is currently growing at a rate of 0.37% annually and its population has increased by 2.27% since the most recent census, which recorded a population of 19,349 in 2020.
The median household income in Lake Forest is $235,081 with a poverty rate of 3.51%. The median age in Lake Forest is 46.1 years: 44.6 years for males, and 48.3 years for females. For every 100 females there are 91.0 males.
Data after 2023 is projected based on recent change
Overall: 46.1 years
Female: 48.3 years
Male: 44.6 years
There are 15,681 adults, (5,184 of whom are seniors) in Lake Forest.
Female: 10,164 (52.3%)
Male: 9,252 (47.7%)
The racial composition of Lake Forest includes 82.25% White, 6.46% Asian, and smaller percentages for other race, Black or African American, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 15,969 | 82.25% |
| Two or more races | 1,661 | 8.55% |
| Asian | 1,255 | 6.46% |
| Other race | 295 | 1.52% |
| Black or African American | 186 | 0.96% |
| Native American | 50 | 0.26% |
Lake Forest 's average per capita income is $109,931. Household income levels show a median of $235,081. The poverty rate stands at 3.51%.
| Name | Median ↓ | Mean |
|---|---|---|
| Families | $250,001 | $354,276 |
| Married Families | $250,001 | - |
| Households | $235,081 | $303,251 |
| Non Families | $88,542 | $137,931 |
Average Income
Median Household Income
Poverty Rate