Forest Lake, IL: Basic Details

Learning About Money And Goals

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Forest Lake, Illinois is located in Lake county, and includes a populace of 1327, and exists within the more Chicago-Naperville, IL-IN-WI metro area. The median age is 42.5, with 17.6% of this residents under ten several years of age, 5.9% are between 10-nineteen years old, 7.6% of residents in their 20’s, 18% in their thirties, 12.6% in their 40’s, 18.3% in their 50’s, 15.4% in their 60’s, 4.5% in their 70’s, and 0% age 80 or older. 54% of town residents are men, 46% women. 74.8% of inhabitants are recorded as married married, with 9.5% divorced and 14.3% never married. The % of residents identified as widowed is 1.4%.

The average family unit size in Forest Lake, IL is 2.72 family members members, with 98.2% owning their very own dwellings. The mean home value is $321229. For those paying rent, they pay on average $ monthly. 75.8% of homes have 2 sources of income, and a median household income of $125096. Median income is $56042. 2.6% of inhabitants live at or beneath the poverty line, and 13.1% are handicapped. 6.7% of residents of the town are veterans associated with the US military.

The labor pool participation rate in Forest LakeThe labor pool participation rate in Forest Lake is 81.6%, with an unemployment rate of 6.7%. For all those when you look at the work force, the typical commute time is 27.8 minutes. 20.9% of Forest Lake’s population have a graduate diploma, and 30% posses a bachelors degree. Among the people without a college degree, 27.1% attended some college, 18.7% have a high school diploma, and just 3.4% have an education less than high school. 0% are not included in medical insurance.