HomeIllinoisLake CountyWaukegan city
Waukegan city, Illinois: commercial real estate data.
Waukegan city is a Census city of 89,076 people across 24.26 square miles of land, in Lake County. Median household income is $71,919, 50.2 percent of occupied homes are owned, and the SBA record carries 51 7(a) approvals to borrowers here worth $61.9 m.
80 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Waukegan
What Waukegan is
- Census place typecity
- Land area24.26 sq mi
- Water area0.26 sq mi
- Population per square mile of land3,672
- County holding the largest share of its areaLake County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waukegan
How many people live in Waukegan
- Population89,076
- Median age35.5
- Population under 1820,331
- Share under 1822.8 percent
- Population 65 and over10,770
- Share 65 and over12.1 percent
- Households32,042
- Family households21,338
- Share of households that are families66.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waukegan
Income and work in Waukegan
- Median household income$71,919
- Per capita income$33,249
- Civilian labor force48,260
- Employed45,192
- Unemployed3,068
- Unemployment rate6.4 percent
- Adults 25 and over59,026
- Adults 25 and over with a high school diploma or higher75.3 percent
- Adults 25 and over with a bachelor degree or higher20.9 percent
- Adults 25 and over with a graduate degree7.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waukegan
Housing in Waukegan
- Housing units33,229
- Occupied units32,042
- Vacant units1,187 plus or minus 366
- Vacancy rate3.6 percent plus or minus 1.1
- Owner occupied16,090
- Renter occupied15,952
- Ownership rate50.2 percent
- Median owner-occupied home value$190,900
- Median gross rent, monthly$1,205
- Annual rent as a share of median income20.1 percent
- Single family units19,479
- Share single family58.6 percent
- Units in buildings of two or more13,691
- Share in buildings of two or more41.2 percent
- Mobile homes59 plus or minus 50
- Median year structure built1967
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waukegan
How Waukegan gets to work
- Workers 16 and over who commute40,714
- Commuting under 15 minutes8,725
- Share commuting under 15 minutes21.4 percent
- Commuting 30 minutes or more15,335
- Share commuting 30 minutes or more37.7 percent
- Drove alone70.1 percent
- Carpooled16.1 percent
- Public transport2.1 percent plus or minus 0.7
- Walked0.9 percent plus or minus 0.4
- Worked from home7.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waukegan
SBA loans in Waukegan (7(a))
- Approvals51
- Gross approval$61,949,200
- Average approval$1,214,690
- Median approval$585,000
- Ninetieth percentile approval$3,400,000
- Largest approval$5,000,000
- Jobs supported869
- Jobs per approval17.0
- Loans with a final outcome9
- Paid in full8
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more43.1 percent
- Share to franchises21.6 percent
- Distinct lenders24
- Distinct industries by NAICS27
A charge-off rate is not published here. only 9 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Waukegan
SBA loans in Waukegan (504)
- Approvals20
- Gross approval$19,793,000
- Average approval$989,650
- Median approval$783,000
- Largest approval$3,987,000
- Jobs supported311
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Waukegan
Flood risk in Waukegan
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170397
- Currently effective map date10/05/23
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Lake County, not Waukegan
Lake County context, not Waukegan figures
These are Lake County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Waukegan measurements.
- Establishments in Lake County20,076
- Employment at those establishments, Lake County337,069
- Covered employment, Lake County329,354
- Average annual pay, Lake County$91,042
- Average weekly wage, Lake County$1,751
- Housing units permitted, Lake County1,042
- Of those, single family, Lake County531
- County product, 2024, Lake County$82,868,798,000
- County product change over the prior year, Lake County3.7 percent
- Average income of an arriving household, Lake County$132,863
Every figure in this section is published for Lake County as a whole and is not a measurement of Waukegan. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Waukegan questions, answered from the record.
How many people live in Waukegan, Illinois?
89,076, in 32,042 households. Waukegan city covers 24.26 square miles of land, which is 3,672 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Waukegan in?
Lake County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Waukegan?
$71,919. The median owner-occupied home is valued at $190,900. Median gross rent is $1,205 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Waukegan businesses?
51 7(a) approvals totalling $61.9 m, across 24 lenders, median approval $585,000, plus 20 504 approvals worth $19.8 m. These count approvals to borrowers whose address is in Waukegan, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Waukegan borrowers get paid back?
No rate is published for Waukegan. only 9 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Waukegan in the National Flood Insurance Program?
Yes. Waukegan appears in the FEMA Community Status Book as community 170397, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Waukegan figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lake County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Waukegan.
Is zoning published for Waukegan?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.