Lake Forest is a medium-sized city located in the state of Illinois. With a population of 19,252 people and six associated neighborhoods, Lake Forest is the 128th largest community in Illinois. Lake Forest home prices are not only among the most expensive in Illinois, but Lake Forest real estate also consistently ranks among the most expensive in America.Lake Forest is a decidedly white-collar city, with fully 95.26% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Forest is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Lake Forest who work in management occupations (22.40%), sales jobs (14.20%), and legal occupations (10.44%). Also of interest is that Lake Forest has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 25.62% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 Forest is a great place for families with children to consider. First of all, many other families with children live here, making Lake Forest 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 city’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 Forest has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lake Forest’s overall crime rate is lower than average for the country. In Lake Forest, however, the average commute to work is quite long. On average, people spend 31.44 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. Despite being a small city, Lake Forest has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.If knowledge is power, Lake Forest is a pretty powerful place. 80.31% of the adults in Lake Forest 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 Forest in 2022 was $104,341, which is wealthy relative to Illinois and the nation. This equates to an annual income of $417,364 for a family of four. Lake Forest is a somewhat ethnically-diverse city. The people who call Lake Forest home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Forest residents report their race to be White, followed by Asian. Important ancestries of people in Lake Forest include German, Irish, English, Italian, and Polish. The most common language spoken in Lake Forest is English. Other important languages spoken here include Spanish and Langs. of India.
