Island Lake vs Elgin
| Island Lake | Elgin | |
|---|---|---|
| Population | 8,039 | 114,190 |
| Median Household Income | $103,156 | $90,282 |
| Median Home Value | $262,500 | $273,000 |
| Median Gross Rent | $1,874/mo | $1,361/mo |
| Homeownership Rate | 82.7% | 71.9% |
| Unemployment Rate | 6.7% | 6.1% |
| Bachelor's Degree or Higher | 30.4% | 27.0% |
| Median Age | 39.1 | 36.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.