Lake Zurich is a medium-sized village located in the state of Illinois. With a population of 19,624 people and five associated neighborhoods, Lake Zurich is the 125th largest community in Illinois.
Lake Zurich home prices are not only among the most expensive in Illinois, but Lake Zurich real estate also consistently ranks among the most expensive in America.
Also of interest is that Lake Zurich has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Lake Zurich telecommute to their jobs. Overall, about 17.68% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Lake Zurich is a great place for families with children to consider. First of all, many other families with children live here, making Lake Zurich a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Lake Zurich has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lake Zurich’s overall crime rate is lower than average for the country.
One downside of living in Lake Zurich is that it can take a long time to commute to work. In Lake Zurich, the average commute to work is 30.81 minutes, which is quite a bit higher than the national average.
If knowledge is power, Lake Zurich is a pretty powerful place. 58.28% of the adults in Lake Zurich have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Lake Zurich in 2022 was $59,566, which is wealthy relative to Illinois and the nation. This equates to an annual income of $238,264 for a family of four.
Lake Zurich is a somewhat ethnically-diverse village. The people who call Lake Zurich home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Zurich residents report their race to be White, followed by Asian. Important ancestries of people in Lake Zurich include German, Irish, Polish, Italian, and English.
Foreign born people are also an important part of Lake Zurich's cultural character, accounting for 15.36% of the village’s population.
The most common language spoken in Lake Zurich is English. Other important languages spoken here include Polish and Langs. of India.