Lake Villa is a somewhat small village located in the state of Illinois. With a population of 8,647 people and four associated neighborhoods, Lake Villa is the 247th largest community in Illinois.

Lake Villa real estate is some of the most expensive in Illinois, although Lake Villa house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.52% 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 Villa 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, Lake Villa really has some of the features that families look for when choosing a good community to raise children. Is Lake Villa 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.

In Lake Villa, however, the average commute to work is quite long. On average, people spend 33.77 minutes each day getting to work, which is significantly higher than the national average.

The citizens of Lake Villa are among the most well-educated in the nation: 46.35% of adults in Lake Villa have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Lake Villa in 2022 was $51,329, which is wealthy relative to Illinois and the nation. This equates to an annual income of $205,316 for a family of four.

Lake Villa is a very ethnically-diverse village. The people who call Lake Villa home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Villa residents report their race to be White, followed by Asian. Lake Villa also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.18% of the village’s residents. Important ancestries of people in Lake Villa include German, Polish, Irish, Italian, and English.

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