The typical family unit size in Island Lake, IL is 3.03 household members, with 81.4% owning their own dwellings. The mean home cost is $171485. For those paying rent, they pay out on average $1388 per month. 60.7% of families have dual sources of income, and an average household income of $83292. Average individual income is $42874. 6.2% of residents exist at or below the poverty line, and 9.4% are considered disabled. 6.4% of inhabitants are veterans for the armed forces.
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The labor force participation rate in Island Lake is 73.7%, with an unemployment rate of 2.7%. For people in the labor pool, the average commute time is 35.2 minutes. 7% of Island Lake’s populace have a graduate diploma, and 21% have earned a bachelors degree. For all without a college degree, 32.8% have some college, 32.5% have a high school diploma, and only 6.8% have an education significantly less than twelfth grade. 4.4% are not included in health insurance.