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Lake Forest has the 1563rd largest population in the United States. The population grew by 0.2% from 2010 to 2015, which was faster than the national average. Lake Forest is part of the Chicago metro area. Unemployment in the Chicago area is 5%, which is higher than the national average, and is getting better. Chicago has the 3rd largest local economy in the US, and a high cost of living. The average pay for jobs in Lake Forest is above average at $52,480, and the median cost of a home in Lake Forest is $833,200, which is above the national average. 75% of workers in Lake Forest hold a bachelors degree or higher (above average), and 98% of workers have a high school degree (above average). Driving to work is especially common in Lake Forest. 76% of Lake Forest workers drive to work alone, 4% take public transit, 8% carpool, and 10% walk. People in Lake Forest spend an average of 30 minutes commuting to work, which is longer than the national average of 26 minutes.

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