Income & Economy in Island Lake village, IL (60042)
Median Income
$94,613
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+480
Wealth inflow
Population
8,630
Unemployment
6.3%
2.6pp above US avg
IRS migration statistics show a net inflow of about 480 for ZIP 60042 (Island Lake village, IL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 60042 (2020–Present)
Since 2020, population grew 1.3%, median income fell 2.7% (inflation-adjusted), home values increased 12.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $94,613 |
| Unemployment | 6.3% |
| Establishments | 164 |
| Employees | 816 |