Island Lake is a somewhat small village located in the state of Illinois. With a population of 7,954 people and two associated neighborhoods, Island Lake is the 259th largest community in Illinois.

Also of interest is that Island Lake 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: 11.90% 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, Island Lake is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Island Lake really has some of the features that families look for when choosing a good community to raise children. Is Island Lake perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in Island Lake, however, is that residents on average have to contend with a long commute, spending on average 34.77 minutes every day commuting to work.

In terms of college education, Island Lake is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 27.19% of adults 25 and older in the village have at least a bachelor's degree.

The per capita income in Island Lake in 2022 was $38,225, which is upper middle income relative to Illinois and the nation. This equates to an annual income of $152,900 for a family of four. However, Island Lake contains both very wealthy and poor people as well.

Island Lake is a very ethnically-diverse village. The people who call Island Lake home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Island Lake residents report their race to be White, followed by Asian. Island Lake also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 19.11% of the village’s residents. Important ancestries of people in Island Lake include German, Irish, Italian, Polish, and English.

The most common language spoken in Island Lake is English. Other important languages spoken here include Spanish and Italian.