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Lake County, Illinois Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Lake County, Illinois need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Illinois

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.92 7.77 5.40 6.70 0.00 7.49
  Total Electric Industry 9.92 7.77 5.40 6.70 0.00 7.49
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.87 7.95 5.49 6.84 0.00 7.63
  Total Electric Industry 9.87 7.95 5.49 6.84 0.00 7.63
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.29 8.09 5.47 6.93 0.00 7.69
  Total Electric Industry 10.29 8.09 5.47 6.93 0.00 7.69
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.28 8.00 5.45 7.03 0.00 7.75
  Total Electric Industry 10.28 8.00 5.45 7.03 0.00 7.75
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.98 7.68 5.18 6.47 0.00 7.41
  Total Electric Industry 9.98 7.68 5.18 6.47 0.00 7.41
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.37 7.88 5.27 6.80 0.00 7.69
  Total Electric Industry 10.37 7.88 5.27 6.80 0.00 7.69
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.34 7.97 5.24 6.84 0.00 7.69
  Total Electric Industry 10.34 7.97 5.24 6.84 0.00 7.69
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.43 7.93 5.29 6.84 0.00 7.71
  Total Electric Industry 10.43 7.93 5.29 6.84 0.00 7.71
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.85 7.77 5.11 6.80 0.00 7.46
  Total Electric Industry 9.85 7.77 5.11 6.80 0.00 7.46
1999              
  Energy-Only Providers 5.00 2.42 2.14 0.00 0.00 2.23
  Full-Service Providers 8.83 7.39 5.02 5.95 0.00 6.98
  Total Electric Industry 8.83 7.38 4.99 5.95 0.00 6.96
2000              
  Energy-Only Providers 0.00 5.49 6.92 0.00 0.00 6.28
  Full-Service Providers 8.83 7.53 4.76 5.55 0.00 6.99
  Total Electric Industry 8.83 7.31 4.99 5.63 0.00 6.94
2001              
  Delivery-Only Service 0.00 1.71 0.95 1.48 0.00 1.29
  Energy-Only Providers 0.00 4.60 4.18 4.49 0.00 4.37
  Full-Service Providers 8.71 7.51 4.57 6.48 0.00 7.02
  Total Electric Industry 8.71 7.40 4.65 6.37 0.00 6.90
2002              
  Delivery-Only Service 0.00 2.57 1.62 3.08 0.00 2.02
  Energy-Only Providers 0.00 5.69 3.67 3.97 0.00 4.37
  Full-Service Providers 8.39 7.41 4.75 5.76 0.00 7.01
  Total Electric Industry 8.39 7.52 4.89 5.88 0.00 6.94
2003              
  Delivery-Only Service 0.00 2.30 1.44 0.00 0.00 1.73
  Energy-Only Providers 0.00 4.70 3.67 0.00 0.00 4.02
  Full-Service Providers 8.38 7.35 4.74 0.00 5.87 7.07
  Total Electric Industry 8.38 7.30 4.86 0.00 5.87 6.86
2004              
  Delivery-Only Service 0.00 1.81 1.11 0.00 0.00 1.40
  Energy-Only Providers 0.00 4.15 3.70 0.00 0.00 3.89
  Full-Service Providers 8.37 8.03 4.57 0.00 5.70 7.16
  Total Electric Industry 8.37 7.54 4.65 0.00 5.70 6.80
2005              
  Delivery-Only Service 0.00 1.66 0.89 0.00 0.00 1.25
  Energy-Only Providers 0.00 4.21 3.74 0.00 0.00 3.95
  Full-Service Providers 8.34 8.41 4.60 0.00 5.61 7.37
  Total Electric Industry 8.34 7.75 4.61 0.00 5.61 6.95
2006              
  Delivery-Only Service 0.00 1.54 0.88 0.00 0.00 1.21
  Energy-Only Providers 0.00 4.60 4.35 0.00 0.00 4.47
  Full-Service Providers 8.42 8.59 4.46 0.00 5.59 7.38
  Total Electric Industry 8.42 7.95 4.69 0.00 5.59 7.07

(updated 2006)



Time Leaving to Work in Lake County, Illinois

12:00 A.M. TO 4:59 A.M.   : 13,417   (4.4%)
5:00 A.M. TO 5:29 A.M.   : 11,058   (3.6%)
5:30 A.M. TO 5:59 A.M.   : 18,584   (6.1%)
6:00 A.M. TO 6:29 A.M.   : 34,156   (11.2%)
6:30 A.M. TO 6:59 A.M.   : 35,265   (11.6%)
7:00 A.M. TO 7:29 A.M.   : 48,656   (16.0%)
7:30 A.M. TO 7:59 A.M.   : 40,342   (13.3%)
8:00 A.M. TO 8:29 A.M.   : 30,909   (10.2%)
8:30 A.M. TO 8:59 A.M.   : 15,804   (5.2%)
9:00 A.M. TO 9:59 A.M.   : 15,904   (5.2%)
10:00 A.M. TO 10:59 A.M.   : 6,132   (2.0%)
11:00 A.M. TO 11:59 A.M.   : 3,028   (1.0%)
12:00 P.M. TO 3:59 P.M.   : 15,953   (5.2%)
4:00 P.M. TO 11:59 P.M.   : 14,940   (4.9%)


(updated 2010)



Household Size By Vehicles Available
(Lake County, Illinois)

1-person household:

No vehicle available : 7,598

1 vehicle available : 39,267

2 vehicles available : 6,148

3 vehicles available : 829

4 or more vehicles available : 377

2-person household:

No vehicle available : 2,186

1 vehicle available : 16,452

2 vehicles available : 45,217

3 vehicles available : 7,949

4 or more vehicles available : 1,857

3-person household:

No vehicle available : 1,240

1 vehicle available : 6,053

2 vehicles available : 18,802

3 vehicles available : 11,705

4 or more vehicles available : 2,532

4-or-more-person household:

No vehicle available : 1,270

1 vehicle available : 7,877

2 vehicles available : 37,381

3 vehicles available : 17,494

4 or more vehicles available : 10,011


(updated 2013)



Household Size By Number Of Workers In Household
(Lake County, Illinois)

1-person household:

No workers : 25,296

1 worker : 28,923

2-person household:

No workers : 18,615

1 worker : 26,548

2 workers : 28,498

3-person household:

No workers : 3,068

1 worker : 13,776

2 workers : 17,676

3 workers : 5,812

4-or-more-person household:

No workers : 2,938

1 worker : 23,562

2 workers : 32,622

3 or more workers : 14,911


(updated 2013)



Means of Transportation To Work
(Lake County, Illinois)

Car, truck, or van:

Drove alone : 260,397

Carpooled:

In 2-person carpool : 19,955

In 3-person carpool : 4,496

In 4-person carpool : 1,629

In 5- or 6-person carpool : 571

In 7-or-more-person carpool : 365

Public transportation (excluding taxicab):

Bus or trolley bus : 2,125

Streetcar or trolley car (carro publico in Puerto Rico) : 16

Subway or elevated : 483

Railroad : 11,790

Ferryboat : 31

Taxicab : 303

Motorcycle : 252

Bicycle : 993

Walked : 9,423

Other means : 3,654

Worked at home : 21,507


(updated 2013)



Travel Time To Work
(Lake County, Illinois)

Less than 5 minutes : 8,155

5 to 9 minutes : 28,505

10 to 14 minutes : 35,022

15 to 19 minutes : 40,108

20 to 24 minutes : 39,042

25 to 29 minutes : 20,837

30 to 34 minutes : 44,165

35 to 39 minutes : 12,395

40 to 44 minutes : 17,398

45 to 59 minutes : 31,681

60 to 89 minutes : 29,676

90 or more minutes : 9,499


(updated 2013)



Occupations in Lake County, Illinois

Male:


  • Management, Professional, And Related Occupations: 69,659  (40.6%)
  • Service Occupations: 17,987  (10.5%)
  • Sales And Office Occupations: 35,297  (20.6%)
  • Farming, Fishing, And Forestry Occupations 380  (0.2%)
  • Construction, Extraction, And Maintenance Occupations: 22,710  (13.2%)

Female:


  • Management, Professional, And Related Occupations: 57,817  (41.6%)
  • Service Occupations: 16,944  (12.2%)
  • Sales And Office Occupations: 52,453  (37.7%)
  • Farming, Fishing, And Forestry Occupations 66  (0.0%)
  • Construction, Extraction, And Maintenance Occupations: 968  (0.7%)


(updated 2010)





Employment Rate In Lake County, Illinois

Employed: 354,304
Unemployed: 15,655



Minority Owned Firms of 100 or More in
Lake County, Illinois

  • Total Black-owned firms of 100 or more, percent 2002: 2.4%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 4.9%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 4.1%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 26.9%
  • Other: 61.7%



Water Usage In Lake County, Illinois

Ground Water

 
Fresh 16.87 Mgal/d
Saline 0.00 Mgal/d

Total 16.87 Mgal/d
 

Surface Water

 
Fresh 734.98 Mgal/d
Saline 0.00 Mgal/d

Total 734.98 Mgal/d





There are 1,380 Farms In Lake County, Illinois


(updated 2008)



Banks In Lake County, Illinois

Jpmorgan Chase Bank, National Association - 27 Branches


    Bank Assets: $54b
    Industry Specialization: International
    Total Offices: 5,679

Fifth Third Bank - 18 Branches


    Bank Assets: $2.3b
    Industry Specialization: Commercial Lending
    Total Offices: 1,348

Pnc Bank, National Association - 16 Branches


    Bank Assets: $5b
    Industry Specialization: Commercial Lending
    Total Offices: 2,821

Bmo Harris Bank National Association - 15 Branches


    Bank Assets: $1.3b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 663

Bank Of America, National Association - 14 Branches


    Bank Assets: $20.3b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

First Midwest Bank - 13 Branches


    Bank Assets: $106.3m
    Industry Specialization: Commercial Lending
    Total Offices: 91

Tcf National Bank - 13 Branches


    Bank Assets: $245.5m
    Industry Specialization: Commercial Lending
    Total Offices: 383

Norstates Bank - 8 Branches


    Bank Assets: $3.2m
    Industry Specialization: Commercial Lending
    Total Offices: 8

Libertyville Bank & Trust Company - 8 Branches


    Bank Assets: $9.3m
    Industry Specialization: Commercial Lending
    Total Offices: 8

First American Bank - 7 Branches


    Bank Assets: $23.8m
    Industry Specialization: Mortgage Lending
    Total Offices: 93

(updated 2014)







Airports Near Lake County, Illinois

  • Waukegan Regional


    (about 9.6 miles in Beach Park, Illinois; Airport Code: UGN)

  • Chicago Executive


    (about 14.4 miles in Wheeling, Illinois; Airport Code: PWK)

  • Palwaukee Municipal


    (about 14.5 miles in Prospect Heights, Illinois; Airport Code: PWK)

  • Pal/Waukee


    (about 14.5 miles in Prospect Heights, Illinois; Airport Code: PWK)

  • Glenview NAS


    (about 18.0 miles in Glenview, Illinois; Airport Code: NBU)

  • Kenosha Regional


    (about 19.7 miles in Kenosha, Wisconsin; Airport Code: ENW)

  • Chicago O'Hare International


    (about 23.5 miles in Amf O'hare, Illinois; Airport Code: ORD)

  • Americana


    (about 29.4 miles in Springfield, Wisconsin; Airport Code: XES)

  • Du Page County


    (about 30.6 miles in Northwoods, Illinois; Airport Code: DPA)

  • John H. Batten


    (about 32.1 miles in Racine, Wisconsin; Airport Code: RAC)

  • Chicago Metropolitan Area


    (about 32.5 miles in Chicago, Illinois; Airport Code: CHI)

  • Meigs Field


    (about 36.8 miles in Chicago, Illinois; Airport Code: CGX)

  • Chicago Midway International


    (about 38.4 miles in Bedford Park, Illinois; Airport Code: MDW)

  • General Mitchell International


    (about 44.2 miles in Milwaukee, Wisconsin; Airport Code: MKE)

  • General Mitchell Field


    (about 44.2 miles in Milwaukee, Wisconsin; Airport Code: MKE)

  • Aurora Municipal


    (about 45.1 miles in Sugar Grove, Illinois; Airport Code: AUZ)

  • De Kalb Taylor Municipal


    (about 45.5 miles in Cortland, Illinois; Airport Code: II3)

  • Lewis University


    (about 49.1 miles in Homer Glen, Illinois; Airport Code: II2)

  • Lewis University


    (about 49.1 miles in Homer Glen, Illinois; Airport Code: LOT)

  • Waukesha County


    (about 51.9 miles in Waukesha, Wisconsin; Airport Code: UES)


(updated 2015)



Modes of Transportation in Lake County, Illinois

Car, Truck, Or Van:

 

Drove Alone

76.36%

Carpooled

10.18%

Public Transportation:

 

Bus Or Trolley Bus

0.60%

Streetcar Or Trolley Car

0.02%

Subway Or Elevated

0.12%

Railroad

3.69%

Ferryboat

0.01%

Taxicab

0.15%

Motorcycle

0.03%

Bicycle

0.15%

Walked

2.94%

Other Means

1.57%

Worked At Home

4.19%



(updated 2010)





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