Lake Villa, a city located in the state of Illinois (IL), is home to a population of approximately 8,701 people. Lake Villa boasts a median age of 40.9, with around 19.6% of its residents aged 60 or above. 4.1% of the population identifies as US Veterans. 10.9% of Lake Villa residents are disabled. The city has an average household income of $126,711, while the unemployment rate stands at 6.7%, and around 4.5% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Lake Villa is $308,911, with a monthly rent averaging $1,275.