LAKE COUNTY
Population in Lake County reached nearly 13,000 people in 2023. According to the most recent data available, median household income rose to nearly $41,000, a 6.2% increase from 2020 figures. At the same time, Lake County is becom- ing more educated, with 21% of residents having an associates degree or higher in 2023, compared to 17.4% the previous year. Nearly 43% of the companies interviewed by The Right Place planned expansions in the coming years, while 14% noted improving sales trends. Talent attraction remains the largest barrier to growth for companies in Lake County, with 43% of companies noting recruitment challenges.
NOTABLE STATISTICS
LAKE COUNTY TOP INDUSTRIES BY JOBS
Industry
Number of Jobs
Population 12,871 $183M 21%
Local Government, Excluding Education & Hospitals
172
Restaurants & Other Eating Places
134
Educational Support Services
130
Gross Regional Product
Drinking Places (Alcoholic Beverages)
112
Education & Hospitals (Local Government)
102
Associates Degree & Higher
Total
650
Unemployment Rate* 6.3% Labor Force* 4,223
LAKE COUNTY TOTAL POPULATION (2013-2023)
10,000 12,500 15,000 17,500 20,000
Median Age** 54.2
$40,753
Median Household Income**
Cost of Living Index 86.6
0 2,500 5,000 7,500
* Data as of Q3 2023 ** Data as of 2022
2013
2014
2015
2016
2017
2018
2019 2020 2021 2022
2023
STATE OF THE REGION 2023 | 24
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