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2024 Compare Cities Economy:
Lake Forest, IL vs Waukegan, IL

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Highlights
- Household income in Waukegan, is 70% less than it is in Lake Forest and is 17% below the National Average.
- Lake Forest unemployment rate is 6.4%.
- Waukegan unemployment rate is 10.2%.

Economy
 Lake Forest, ILWaukegan, ILUnited States
 Unemployment Rate6.4%10.2%6.0%
 Recent Job Growth2.4%2.4%1.6%
 Future Job Growth32.8%30.5%33.5%
 Sales Taxes7.5%8.5%6.2%
 Income Taxes5.0%5.0%4.6%
 Income per Cap.$99,558$26,834$37,638
 Household Income$194,267$58,844$69,021
 Family Median Income$224,450$68,233$85,028
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 Est. Households By Income
 Lake Forest, ILWaukegan, ILUnited States
 Income Less Than 15K2.5%9.0%9.4%
 Income between 15K and 20K1.9%4.1%3.8%
 Income between 20K and 30K2.6%11.5%8.1%
 Income between 30K and 40K3.4%9.4%8.0%
 Income between 40K and 50K2.0%9.7%7.6%
 Income between 50K and 60K5.0%7.2%7.2%
 Income between 60K and 75K4.2%12.3%9.6%
 Income between 75K and 100K6.8%13.1%12.8%
 Income between 100K and 150K11.7%12.6%16.3%
 Income between 150K and 200K11.0%5.7%7.8%
 Income greater than 200K48.8%5.5%9.5%
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 Population By Occupation
 Lake Forest, ILWaukegan, ILUnited States
 Management, business, finance31.0%9.7%16.4%
 Engineering, computers, science8.1%4.8%6.5%
 Community, social services1.1%1.7%1.8%
 Legal9.8%0.5%1.2%
 Education, library7.1%4.3%6.2%
 Arts, design, media, sports, entertainment1.9%1.0%2.0%
 Healthcare practitioners and technology6.2%4.5%6.2%
 Healthcare support1.5%3.6%3.3%
 Firefighters, law enforcement0.6%2.0%2.1%
 Food preparation, serving2.0%6.2%5.4%
 Building maintenance1.6%7.4%3.6%
 Personal care3.4%2.3%2.6%
 Sales, office, administrative support21.2%19.6%20.9%
 Farming, fishing, forestry0.0%0.1%0.6%
 Construction, extraction, maintenance/repair0.6%6.8%8.1%
 Production, transportation, material moving4.0%25.5%13.1%

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Reviews for Lake Forest    4 Reviews

We relocated cross county to Lake Forest about a year ago due to a job change. We looked at nearby communities, within proximity of the work commute (the office is in  More

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Be prepared for a so called upscale town with entitled, overpaid, snooty people from teenagers who sneer at you to adults who look you up and down, who make demands on a  More

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Over 14 years ago

Long cold winters, short cold springs, hot humid summers, nice  More

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Reviews for Waukegan    3 Reviews

Great people, beautifully diverse. All live and work together to provide the best for all residents. Lake County College is completing a 40 million dollar building  More

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Over 11 years ago

We're looking for a moderate climate. Waukegan is on Lake Michigan and could have a dynamic vibrant downtown but it doesn't. Great master plan if somehow Waukegan can  More

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Over 16 years ago

I have been living in north east waukegan for 12 years and I am excited by the recent surge of growth in the downtown area. Thanks to the Genesee theater, there are  More

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ZIPS IN LAKE FOREST, ILLINOIS
60045
ZIPS IN WAUKEGAN, ILLINOIS
60085 60087

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