Marriott exterior

Municipality

  • Home-rule village, incorporated in 1957
  • 4.8 sq. miles in area
  • 7.5% sales tax rate & 0.241 property tax rate (3% of property tax bill is the Village’s share)

Demographics

  • Residential population - 7,500
  • Estimated daytime population (excl. residents), generated by 300+ businesses/schools - 25,000
  • Median age - 52
  • Median household income - $112,699
  • Median disposable income - $86,958
  • Median household net worth - $500,001
  • Population with Bachelor’s degree or higher - 70%
  • “Tapestry” population segments - Top Rung & Connoisseurs (Source: Esri)

Traffic Counts

  • Rte 22 (east of Rte 21) - 31,000 vehicles
  • Rte 21 (south of Rte 22) - 34,000 vehicles

Major Employers

Housing & Lodging

  • 2015 Average Single-Family home sale - $646,146
  • 2015 Average Townhome sale - $358,133
  • 2015 Average Condominium sale - $455,650
  • Owner-occupied housing units - 89%
  • Six hotels located in the Village, offering 1,050 rooms

 Education

  • District 125 (Adlai E. Stevenson High School)
  • District 103 (Laura B. Sprague Elementary School, Half Day Elementary School, Daniel Wright JHS)
  • Proximity to College of Lake County (Southlake Campus)

Economic Development Staff Contact:
Tonya Zozulya, Economic Development Coordinator