As such, it is part of the United States Census Bureau's Chicago combined statistical area (CSA).

It is bordered by Gages Lake and Gurnee to the north, Vernon Hills to the south, Mundelein to the west, and Grayslake to the northwest.

The eastern portions of the village border Mettawa, unincorporated Waukegan and Lake Forest, and part of Knollwood CDP.

[3] The land that is now Libertyville was the property of the Illinois River Potawatomi Indians until August 1829, when economic and resource pressures forced the tribe to sell much of their land in northern Illinois to the U.S. government for $12,000 cash, an additional $12,000 in goods, plus an annual delivery of 50 barrels of salt.

[4] Pursuant to the treaty, the Potawatomi left their lands by the mid-1830s,[5] and by 1835 the future Libertyville had its first recorded non-indigenous resident, George Vardin.

Though he apparently moved on to the west that same year, the settlement that grew up around his cabin was initially known as Vardin's Grove.

[6] The professionals needed services, so a post office opened, necessitating a third name change, because another Independence Grove existed elsewhere in the state.

The two-story Victorian mansion served as Cook's summer home as well as the center of his horse farm, which provided animals for Chicago's horsecar lines.

[8] The National Trust for Historic Preservation, which gave Libertyville a Great American Main Street Award, called the downtown "a place with its own sense of self, where people still stroll the streets on a Saturday night, and where the tailor, the hometown bakery, and the vacuum cleaner repair shop are shoulder to shoulder with gourmet coffee vendors and a microbrewery.

If it's Thursday between 7 a.m. and 1 p.m., it's Farmer's Market time (June–October) on Church Street across from Cook Park -- a tradition for more than three decades.

"[9] Samuel Insull, founder of Commonwealth Edison, began purchasing land south of Libertyville in 1906.

When Insull was ruined by the Great Depression, parts of his estate were bought by prominent Chicagoans Adlai Stevenson and John F.

From 1970 until 2013, Libertyville was the resting place of the only European monarch buried on American soil, Peter II of Yugoslavia, who died in exile in Denver.

According to the Village's 2020 Comprehensive Annual Financial Report,[24] as of April 30, 2020 the top employers in the city were: Libertyville is one of six communities comprising the Cook Memorial Public Library District.

The Evergreen Interim Library opened in 2003 as a temporary facility at the south end of the district, in Vernon Hills.

In 2007, the Library Board adopted plans to add an approximately 10,000-square-foot (930 m2) addition to the Cook Park facility, which was completed in January 2011.

Regional newspapers that occasionally contain coverage of Libertyville include the Chicago Tribune, Daily Herald and Lake County News-Sun.