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Economy, jobs and prices in Lake Forest, California: official figures

The median household income in Lake Forest was $135,175 a year in the 2020-2024 American Community Survey (in 2024 dollars), 58th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the California median $99,122.

Median household income
$135,175
2020-2024
Unemployment rate (ACS)
4.9%
2020-2024
Mean travel time to work
25.5 min
2020-2024
Median gross rent (monthly)
$2,672
2020-2024
Median home value (owner-occupied)
$937,000
2020-2024
Homes occupied by their owners
70.5%
2020-2024
Households with a broadband subscription
97.1%
2020-2024

What is the per capita income in Lake Forest?

Income per resident (per capita income) in Lake Forest averaged $60,633 a year in 2020-2024, 107th highest of 823 US cities of 50,000 or more (US: $44,673; California: $49,513).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Lake Forest?

Lake Forest's Gini index of household income inequality was 0.419 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 187th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Lake Forest, California?

4.9% of the civilian labor force in Lake Forest was unemployed on average over 2020-2024 (2,380 people), 346th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and California's 6.6%.

Source: U.S. Census Bureau · saved copy

What share of people in Lake Forest are working?

69.6% of Lake Forest's 69,762 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 175th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Lake Forest have jobs?

46,101 residents of Lake Forest held civilian jobs, 66.1% of those aged 16 and over (US: 59.7%), and 58 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Lake Forest?

The largest industry group for working residents of Lake Forest was education, health care and social assistance (18.2% of employed residents), followed by professional, scientific, management and administrative services (15.5%) and manufacturing (12.4%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Lake Forest work in manufacturing?

Manufacturing employed 12.4% of working residents of Lake Forest, 170th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 15.5% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Lake Forest, California?

Commuters in Lake Forest took 25.5 minutes on average to get to work in 2020-2024, 357th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 6.7% travelled an hour or more and 22.9% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Lake Forest get to work?

24.4% of workers living in Lake Forest worked from home in 2020-2024, 116th highest of 823 US cities of 50,000 or more (US: 15.1%). 65.5% drove to work alone, 6.5% carpooled, 1.0% used public transport and 1.1% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Lake Forest, California?

The median gross rent (rent plus utilities) in Lake Forest was $2,672 a month in 2020-2024, 33rd highest of 823 US cities of 50,000 or more (US: $1,413; California: $2,036).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Lake Forest?

Owner-occupied homes in Lake Forest had a median value of $937,000 in 2020-2024 as estimated by their owners, 56th highest of 823 US cities of 50,000 or more (US: $332,700; California: $734,700).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Lake Forest?

The median home value in Lake Forest was 6.9 times the median household income, 131st highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Lake Forest, California own their home?

70.5% of the 30,466 occupied homes in Lake Forest were lived in by their owners in 2020-2024 and 8,995 were rented, 152nd highest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; California: 55.9%).

Source: U.S. Census Bureau · saved copy

What share of homes in Lake Forest have broadband?

97.1% of households in Lake Forest had a broadband internet subscription of some type in 2020-2024, 37th highest of 823 US cities of 50,000 or more (US: 91.0%; California: 93.5%).

Source: U.S. Census Bureau · saved copy

How many households in Lake Forest have no internet?

2.2% of households in Lake Forest (668) had no internet access at home in 2020-2024, 100th lowest of 823 US cities of 50,000 or more (US: 6.5%); 7.9% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Lake Forest compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Lake Forest ranks 58 of 823, highest first.

RankCityMedian household income (2024 dollars)
55Mission Viejo$136,123
56Thousand Oaks$135,603
57Holly Springs$135,578
58Lake Forest$135,175
59Cary$134,905
60Madison$134,655
61South Jordan$134,047
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Lake Forest ranks 107 of 823, highest first.

RankCityPer capita income (2024 dollars)
104Huntersville$61,224
105Sarasota$60,995
106Petaluma$60,931
107Lake Forest$60,633
108Overland Park$60,602
109Milford$60,594
110Leander$60,586
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Lake Forest ranks 637 of 823, highest first.

RankCityGini index of household income inequality
634Manchester0.419
635Milpitas0.419
636Oceanside0.419
637Lake Forest0.419
638Jacksonville0.419
639Pomona0.419
640Homestead0.419
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Lake Forest ranks 478 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
475Chesapeake4.9%
476North Port4.9%
477Dallas4.9%
478Lake Forest4.9%
479Orange4.9%
480Buckeye4.9%
481Georgetown4.9%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Lake Forest ranks 175 of 823, highest first.

RankCityLabor force participation rate (16 and over)
172Greer69.6%
173Cambridge69.6%
174Allen69.6%
175Lake Forest69.6%
176Rogers69.6%
177Centennial69.5%
178League City69.5%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Lake Forest ranks 357 of 823, highest first.

RankCityMean travel time to work (minutes)
354St. Petersburg25.6
355Lakewood25.5
356O'Fallon25.5
357Lake Forest25.5
358Cedar Park25.5
359Killeen25.5
360Broomfield25.5
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Lake Forest ranks 116 of 823, highest first.

RankCityWorkers who worked from home
113Overland Park24.6%
114Arvada24.5%
115McKinney24.5%
116Lake Forest24.4%
117Lehi24.4%
118Thousand Oaks24.3%
119Waltham24.2%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Lake Forest ranks 433 of 823, highest first.

RankCityWorkers commuting by public transportation
430San Luis Obispo1.0%
431Lakeville1.0%
432Rancho Cucamonga1.0%
433Lake Forest1.0%
434Knoxville1.0%
435Lehi1.0%
436Rocky Mount1.0%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Lake Forest ranks 170 of 823, highest first.

RankCityEmployed residents working in manufacturing
167Council Bluffs12.5%
168New Britain12.5%
169Huntsville12.4%
170Lake Forest12.4%
171Redondo Beach12.4%
172Oceanside12.4%
173Clifton12.3%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Lake Forest ranks 757 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
754Santa Maria18.2%
755Brookhaven18.2%
756Springdale18.2%
757Lake Forest18.2%
758Hollywood18.1%
759Dunwoody18.1%
760Lakewood18.1%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Lake Forest ranks 33 of 823, highest first.

RankCityMedian gross rent per month
30Redondo Beach$2,691
31Walnut Creek$2,680
32Livermore$2,677
33Lake Forest$2,672
34San Jose$2,669
35Doral$2,669
36Thousand Oaks$2,664
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Lake Forest ranks 56 of 823, highest first.

RankCityMedian value of owner-occupied homes
53Tustin$950,400
54Orange$945,800
55Seattle$938,600
56Lake Forest$937,000
57San Luis Obispo$935,100
58Oakland$929,900
59Bothell$925,100
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Lake Forest ranks 128 of 820, highest first.

RankCityMedian home value as a multiple of median household income
125Upland7.0x
126Fall River7.0x
127Lakewood6.9x
128Lake Forest6.9x
129Chino Hills6.9x
130Eugene6.9x
131Livermore6.9x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Lake Forest ranks 152 of 823, highest first.

RankCityOccupied homes lived in by their owners
149Thousand Oaks70.8%
150Suffolk70.7%
151Pico Rivera70.5%
152Lake Forest70.5%
153Dearborn Heights70.5%
154Edmond70.3%
155Brooklyn Park70.3%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Lake Forest ranks 37 of 823, highest first.

RankCityHouseholds with a broadband subscription
34Allen97.2%
35Carmel97.1%
36Doral97.1%
37Lake Forest97.1%
38Wylie97.1%
39Pflugerville97.1%
40San Ramon97.1%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Lake Forest ranks 724 of 823, highest first.

RankCityHouseholds with no internet access
721Ankeny2.2%
722Plymouth2.2%
723Roswell2.2%
724Lake Forest2.2%
725College Station2.2%
726Hendersonville2.2%
727Bozeman2.2%
Source: U.S. Census Bureau · saved copy

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Sources

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