Lake Forest vs Elgin
| Lake Forest | Elgin | |
|---|---|---|
| Population | 19,436 | 114,190 |
| Median Household Income | $235,081 | $90,282 |
| Median Home Value | $938,300 | $273,000 |
| Median Gross Rent | $1,815/mo | $1,361/mo |
| Homeownership Rate | 88.8% | 71.9% |
| Unemployment Rate | 1.8% | 6.1% |
| Bachelor's Degree or Higher | 80.5% | 27.0% |
| Median Age | 46.1 | 36.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.