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Third Lake, IL

Comprehensive demographics, housing data, local amenities, and economic statistics for Third Lake.

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Community Insights

Highly Educated
38% bachelor's · 21% graduate
top 2% nationally
High Incomes
$141k/year
top 5% nationally
Leading Industries
Transportation · Healthcare · Arts, Food & Hospitality
6% transportation
Home Value Growth⬆⬆⬆
+23.4% over 2 years
Young Adults
32% of residents
above average nationally
Homeowners
92% of occupied units

People & Demographics

Total Population984
Households—
Under 18
20.0%
Age 18–34
32.0%
Age 35–64
34.0%
Age 65+
14.0%
Veterans
8.0%
Active Duty
1.0%

Housing & Living

Median Home Value$337,516
Median Gross Rent$2,115/mo
Owner Occupied
92.1%
Renter Occupied
7.9%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$141,087
Poverty Rate—

Key Industries

Healthcare15.0%
Professional Services1.0%
Manufacturing0.0%
Retail16.0%
Education1.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities76 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
38.0%
Master's or Higher
21.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Third Lake?›

The total population of Third Lake is approximately 984. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Third Lake walkable and transit-friendly?›

Based on local geographic data, Third Lake has an amenity and walkability score of 76/100 and a transit score of 28/100. This indicates it is a highly walkable area with excellent access to local businesses, restaurants, and daily errands.

Do more people rent or own homes in Third Lake?›

The housing market in Third Lake is predominantly driven by homeowners, with 92% of housing units being owner-occupied and 8% being renter-occupied.

What is the education level of residents in Third Lake?›

In Third Lake, approximately 38% of adult residents hold a bachelor's degree or higher. Additionally, 21% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.