Living in Channel Lake, Illinois
Cost of living, income, home prices, rent and demographics of Channel Lake · Census data 2020–2024
Channel Lake has 2,052 residents with a median age of 39.4. The median household income is $68,250 (18% lower than the Illinois median), the median home value is $223,000, the median rent is $1,584/month.
Channel Lake at a glance
- Population
- 2,052
- Median age
- 39.4State: 39
- Median household income
- $68,250State: $83,390
- Median home value
- $223,000State: $263,300
- Median rent
- $1,584/moState: $1,274
- Homeowners
- 81.2%
- Bachelor's degree or higher
- 24.8%
- Average commute
- 27 min
Is Channel Lake a good place to live?
Pros: Home values 15% lower than the state median; an average commute of 27 minutes; unemployment of 5.3%.
Cons: Median household income 18% lower than the Illinois median; a poverty rate of 23.1%.
The weather is best in June to September.
Cost of living in Channel Lake
Housing is the biggest part of the cost of living. In Channel Lake the median home value is $223,000, 33% lower than the U.S. median. Renters pay a median of $1,584 per month, which is 45.8% of household income. Homeowners with a mortgage pay $1,827 a month in housing costs.
Channel Lake median household income
The median household income in Channel Lake is $68,250 and the income per person is $34,597. 23.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Channel Lake: homes for sale and rent
- Housing units
- 887
- Owner-occupied
- 81.2%
- Renter-occupied
- 18.8%
- Vacant
- 10.3%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.58
Channel Lake demographics
- Population
- 2,052
- Median age
- 39.4
- Under 18
- 22.5%
- 65 and older
- 14.9%
- Households
- 796
- Foreign-born
- 2.2%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Channel Lake ›
Education in Channel Lake
24.8% of adults 25 and older in Channel Lake have a bachelor's degree or higher (Illinois: 37.8%), and 4.2% have a graduate or professional degree.
Jobs and commute in Channel Lake
- Unemployment rate
- 5.3%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 23.1%
- Drive alone
- 72.5%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 90.2%
Channel Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Channel Lake | 2,052 | $68,250 | $223,000 | $1,584 |
| Lake Catherine | 968 | $91,667 | $257,200 | $1,161 |
| Salem Lakes | 14,366 | $94,819 | $316,100 | $1,184 |
| Antioch | 14,859 | $108,899 | $306,700 | $1,129 |
| Fox Lake | 11,131 | $70,819 | $228,100 | $1,047 |
| Fox Lake Hills | 2,399 | $111,964 | $245,000 | $1,390 |
| Spring Grove | 5,917 | $134,210 | $398,400 | — |
| Lake Villa | 8,683 | $118,750 | $351,700 | $1,533 |
| Twin Lakes | 6,309 | $86,222 | $270,700 | $870 |
More for people moving to Channel Lake
Channel Lake ZIP code ›Weather and climate ›Living in Channel Lake: FAQ
What is the median household income in Channel Lake, IL?
The median household income in Channel Lake is $68,250, 18% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Channel Lake?
The median home value in Channel Lake is $223,000, compared with $263,300 in Illinois.
How much is rent in Channel Lake?
The median gross rent in Channel Lake is $1,584 per month, about 45.8% of household income.
Is Channel Lake, IL a good place to live?
Pluses: home values 15% lower than the state median; an average commute of 27 minutes; unemployment of 5.3%. Minuses: median household income 18% lower than the Illinois median; a poverty rate of 23.1%.
What is the median age in Channel Lake?
The median age in Channel Lake is 39.4 years (Illinois: 39).
How long is the commute in Channel Lake?
The average commute to work in Channel Lake is 27 minutes; 23.1% of workers work from home.
What is the unemployment rate in Channel Lake?
The unemployment rate in Channel Lake is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Channel Lake?
24.8% of adults in Channel Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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