Demographics
Historical population| Census | Pop. | Note | %± |
|---|
| 1970 | 932 | | — |
|---|
| 1980 | 1,177 | | 26.3% |
|---|
| 1990 | 1,333 | | 13.3% |
|---|
| 2000 | 1,310 | | −1.7% |
|---|
| 2010 | 1,283 | | −2.1% |
|---|
| 2020 | 1,226 | | −4.4% |
|---|
|
As of the 2020 census [8] there were 1,226 people, 443 households, and 392 families residing in the village. The population density was 1,174.33 inhabitants per square mile (453.41/km2). There were 440 housing units at an average density of 421.46 per square mile (162.73/km2). The racial makeup of the village was 87.60% White, 1.22% African American, 0.24% Native American, 2.61% Asian, 0.00% Pacific Islander, 1.39% from other races, and 6.93% from two or more races. Hispanic or Latino of any race were 4.81% of the population.
There were 443 households, out of which 38.6% had children under the age of 18 living with them, 73.59% were married couples living together, 5.19% had a female householder with no husband present, and 11.51% were non-families. 10.38% of all households were made up of individuals, and 5.87% had someone living alone who was 65 years of age or older. The average household size was 3.08 and the average family size was 2.92.
The village's age distribution consisted of 27.1% under the age of 18, 8.3% from 18 to 24, 12.9% from 25 to 44, 31.7% from 45 to 64, and 20.1% who were 65 years of age or older. The median age was 46.7 years. For every 100 females, there were 97.7 males. For every 100 females age 18 and over, there were 101.1 males.
The median income for a household in the village was $143,250, and the median income for a family was $150,417. Males had a median income of $94,688 versus $36,528 for females. The per capita income for the village was $67,989. About 1.5% of families and 2.6% of the population were below the poverty line, including 4.1% of those under age 18 and 3.5% of those age 65 or over.
Tower Lakes village, Illinois – Racial and ethnic composition
Note: the US Census treats Hispanic/Latino as an ethnic category. This table excludes Latinos from the racial categories and assigns them to a separate category. Hispanics/Latinos may be of any race.| Race / Ethnicity (NH = Non-Hispanic) | Pop 2000 [9] | Pop 2010 [6] | Pop 2020 [7] | % 2000 | % 2010 | % 2020 |
|---|
| White alone (NH) | 1,266 | 1,185 | 1,050 | 96.64% | 92.36% | 85.64% |
| Black or African American alone (NH) | 4 | 8 | 15 | 0.31% | 0.62% | 1.22% |
| Native American or Alaska Native alone (NH) | 1 | 0 | 3 | 0.08% | 0.00% | 0.24% |
| Asian alone (NH) | 10 | 22 | 32 | 0.76% | 1.71% | 2.61% |
| Native Hawaiian or Pacific Islander alone (NH) | 0 | 1 | 0 | 0.00% | 0.08% | 0.00% |
| Other race alone (NH) | 0 | 1 | 8 | 0.00% | 0.08% | 0.65% |
| Mixed race or Multiracial (NH) | 11 | 22 | 59 | 0.84% | 1.71% | 4.81% |
| Hispanic or Latino (any race) | 18 | 44 | 59 | 1.37% | 3.43% | 4.81% |
| Total | 1,310 | 1,283 | 1,226 | 100.00% | 100.00% | 100.00% |
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