This data is based on ZIP codes 60020, 60041, 60073, which covers Volo and Fox Lake and Hainesville and Round Lake and Round Lake Beach and Round Lake Heights and Round Lake Park.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP codes 60020, 60041, 60073 area shared across these towns.
Showing latest year snapshot. Full economic history and trends available with a paid plan. See products & pricing →
Volo ZIP Area Economy · 2023
Wages -6% vs. avg. Lake Co. town
Volo's ZIP area supports 16,053 jobs across 1,447 businesses, with workers earning an average of $82K per year, 6% below the Lake County average. The economy is well-diversified (0.91 index), led by construction and admin services. 92.1% of businesses have fewer than 20 employees, and each business employs an average of 11.1 people. Jobs grew 4.6% from the prior year while business count grew 2%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Lake Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
1,447 businesses by employee count. 92.1% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Large (100-249)
Medium (50-99)
Major (250-499)
Major (500-999)
Economic Densityi
2.00+
jobs per resident
Capped: ZIP includes employers outside city limits
11.1
employees per business
County avg: 14.7-25%
$196K
payroll per resident
$908K
payroll per business
Volo ZIP Area vs. Avg. Lake Co. Towni
All Industries in ZIP Areai
| Sector | Volo ZIP | Avg. Lake Co. | Spec. |
|---|---|---|---|
| Construction | 220 | 149 | 1.4x |
| Admin Services | 204 | 107 | 1.9x |
| Retail Trade | 160 | 139 | 1.1x |
| Other Services | 141 | 121 | 1.1x |
| Food & Accommodation | 132 | 104 | 1.2x |
| Transportation | 131 | 67 | 1.9x |
| Professional Services | 98 | 214 | 0.4x |
| Healthcare | 94 | 152 | 0.6x |
| Manufacturing | 52 | 50 | 1.0x |
| Real Estate | 49 | 64 | 0.7x |
| Finance & Insurance | 43 | 86 | 0.5x |
| Wholesale Trade | 36 | 78 | 0.5x |
| Arts & Entertainment | 28 | 29 | 0.9x |
| Information | 19 | 20 | 0.9x |
| Education | 8 | 22 | 0.4x |