Places/IL/Lake County, IL
County profile

Lake County, IL

United States · GDP 2024
#63 of 3,127 US counties by GDP42nd-percentile growthmore diversified than 98% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$82.9B
BEA · 2024
GDP growth (YoY)
+3.7%
BEA · 2024
Jobs tracked
337,069
Census CBP · 2023
Employers
20,076
Census CBP · 2023
Avg. wage
$90.6k
BLS QCEW · 2023
Population
719,339
Census PEP · 2025
Labor, income & education
Unemployment
4.3%
Median HH income
$110.4k±$1.7k
Bachelor's degree+
47.7%±0.7%
Poverty rate
8.3%±0.4%
Business applications
9,888 · 2025
Retail establishments
2,098
29.2/10k pop
Industry mix · employment
Professional services20%
Wholesale trade19%
Health care18%
Retail trade15%
Manufacturing14%
Management14%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
719,339
residents · 2025 · +0.8% since 2020
Income per capita $103.5k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration18,859
International migration+17,343
Natural change+6,893

GDP trend

20192024 · nominal
$65.3B
2019
$65.0B
2020
$71.5B
2021
$76.1B
2022
$79.9B
2023
$82.9B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$345.7k±$3.5k
Median gross rent
$1.5k/mo±$29/mo
Vacancy rate
4.5%±0.4%
Affordability
3.8× wages
Residential permits
$712.7M
1,468 units · 2.0/1k pop
FEMA risk score
96.0
HUD Fair Market Rent (2BR):$1.8k/mo · 2026
TOP PERILS · FEMA NRI
Cold wave 99Tornado 99Strong wind 98
FHFA HOUSE PRICE INDEX · 20162025
475
2016
483
2017
489
2018
498
2019
501
2020
542
2021
617
2022
672
2023
723
2024
771
2025
RESIDENTIAL PERMITS · 20212025
63% since 2021
902
2021
957
2022
819
2023
1,042
2024
1,468
2025

Transport access

BTS · FAA · USACE
Nearest interstate
6.8 km
I-94
Nearest freight rail
0.8 km
NIRC
Nearest port
15.4 km
WAUKEGAN HARBOR PUBLIC DOCK
Nearest commercial airport
39.2 km
CHICAGO O'HARE INTL
Wage trend
BLS QCEW · 20192023
$90.6k
avg. annual pay · +19% since 2019
The read

What is the GDP of Lake?

Lake's economy produced $82.9B in 2024, growing 3.7% year over yearabout the middle of the pack among US counties. Its largest employment sector is professional services.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.