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LOCAL GUIDE

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All About

Living In Lake Barrington, IL

Lake Barrington, a small town in Illinois, has a population of approximately 5,000. It's a comfortable place to settle down, as retirees account for a greater percentage of the population (32%) here than they do nationally (14%), while young adults are less well-represented. At an average age of just under 50, the town's population is notablyolder than most cities in Illinois. Renters tend to be in the minority in the area, and 88% of residents own their homes. Relatively high rent costs may be playing a role, as the average rent of $1,494 a month is substantially higher than the state average of $1,052.

Lake Barrington has a large concentration of residents older than 25 with advanced degrees compared to the national average (7%), as 16% possess a Master's degree or a Doctoral degree. Furthermore, 27% have a Bachelor's degree, which also outpaces the national average. Many Lake Barrington residents work in one of two industries: retail and scientific. Combined, these industries account for 14% of the labor force in the town. Meanwhile, in terms of job function, many of the town's residents work in management, which ranks as the top career path in the town. Lake Barrington workers take home an average annual income of just over $113K, about $36,000 more than their peers elsewhere in the state. The town's average income also compares favorably to the national average ($73,345).

Lake Barrington residents have an average commute of about 39 minutes, slower than the state average of about 32 minutes. Driving a vehicle is the prevailing mode of getting to work, selected by 35% of residents, while public transportation is used by only 3% of the population. Few workers commute on foot.


Frequently Asked Questions About Lake Barrington

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