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Lake Zurich Apartment Features
Apartments Near Lake Zurich
Living In Lake Zurich, IL
Lake Zurich, a small city in Illinois, has a population of slightly more than 20,000. Middle-aged professionals will feel right at home, as they make up an above-average portion of the population, while young professionals account for a smaller percentage of the city. Overall, the city's residents, with an average age of just over 37, are younger than most cities in Illinois. Most residents own their homes in Lake Zurich, and 15% of residents rent. With an average rent of $1,378 per month, exceeding the state average by $326/month, relatively high rent costs may be playing a role in the higher levels of ownership.
Lake Zurich residents have an average commute of about 35 minutes, slower than the Illinois average of about 32 minutes. Driving a car or truck is the prevailing means of commuting to work, selected by 45% of commuters, while public transit is not widely used. Walking isn't a common way to get to work.
If you're looking for a number of career options, Lake Zurich has a surplus. The four most common industries are retail, manufacturing, healthcare, and scientific. Together, these industries account for 28% of the workforce in the city. Meanwhile, looking at job function, many residents work in management, making it the top career path in the city. With an average annual income of nearly $123,000, Lake Zurich workers earn around $46,000 more than the average Illinois resident. Lake Zurich's average income also compares favorably to the national average of $73,345. Lake Zurich has a large concentration of residents older than 25 who have advanced degrees compared to the national average (7%), as 12% possess a Master's or a Doctoral degree. In addition, 22% possess a Bachelor's degree, which also outpaces the national average.
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