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.

Lake Villa is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Lake Villa’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

One downside of living in Lake Villa, however, is that residents on average have to contend with a long commute, spending on average 33.77 minutes every day commuting to work.

The education level of Lake Villa ranks among the highest in the nation. Of the 25-and-older adult population in Lake Villa, 46.35% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate 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.