Living in Lake Carroll, Illinois
Cost of living, income, home prices, rent and demographics of Lake Carroll · Census data 2020–2024
Lake Carroll has 853 residents with a median age of 63.2. The median household income is $108,750 (30% higher than the Illinois median), the median home value is $348,500.
Lake Carroll is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Carroll at a glance
- Population
- 853
- Median age
- 63.2State: 39
- Median household income
- $108,750State: $83,390
- Median home value
- $348,500State: $263,300
- Homeowners
- 99.4%
- Bachelor's degree or higher
- 41.4%
- Average commute
- 30 min
Is Lake Carroll a good place to live?
Pros: Median household income 30% higher than the Illinois median; a poverty rate of 5.5%.
Cons: Home values 32% higher than the state median; an average commute of 30 minutes.
The weather is best in June to September.
Cost of living in Lake Carroll
Housing is the biggest part of the cost of living. In Lake Carroll the median home value is $348,500, 5% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,767 a month in housing costs.
Lake Carroll median household income
The median household income in Lake Carroll is $108,750 and the income per person is $59,904. 5.5% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lake Carroll: homes for sale and rent
- Housing units
- 880
- Owner-occupied
- 99.4%
- Renter-occupied
- 0.6%
- Vacant
- 61.9%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.55
61.9% of homes are vacant most of the year, a sign that Lake Carroll has many vacation and second homes.
Lake Carroll demographics
- Population
- 853
- Median age
- 63.2
- Under 18
- 16.8%
- 65 and older
- 41.6%
- Households
- 335
- Foreign-born
- 1.2%
- Veterans
- 10.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Carroll ›
Education in Lake Carroll
41.4% of adults 25 and older in Lake Carroll have a bachelor's degree or higher (Illinois: 37.8%), and 10.3% have a graduate or professional degree.
Jobs and commute in Lake Carroll
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 30 minState: 28 min
- Work from home
- 11%
- Drive alone
- 82.3%
- Public transit
- 0%
- Walk to work
- 6.7%
- Homes with broadband
- 85.7%
Lake Carroll vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Carroll | 853 | $108,750 | $348,500 | — |
| Lanark | 1,541 | $59,375 | $96,600 | $819 |
| Shannon | 772 | $58,929 | $115,100 | $604 |
| Pearl City | 745 | $63,295 | $128,200 | $744 |
| Mount Carroll | 1,501 | $58,500 | $86,600 | $785 |
| Chadwick | 591 | $78,688 | $85,700 | — |
| Freeport | 23,505 | $51,723 | $92,100 | $793 |
| Stockton | 1,873 | $46,934 | $93,700 | $791 |
| Lena | 2,761 | $72,663 | $146,000 | $664 |
More for people moving to Lake Carroll
Lake Carroll ZIP code ›Weather and climate ›Living in Lake Carroll: FAQ
What is the median household income in Lake Carroll, IL?
The median household income in Lake Carroll is $108,750, 30% higher 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 Lake Carroll?
The median home value in Lake Carroll is $348,500, compared with $263,300 in Illinois.
Is Lake Carroll, IL a good place to live?
Pluses: median household income 30% higher than the Illinois median; a poverty rate of 5.5%. Minuses: home values 32% higher than the state median; an average commute of 30 minutes.
What is the median age in Lake Carroll?
The median age in Lake Carroll is 63.2 years (Illinois: 39).
How long is the commute in Lake Carroll?
The average commute to work in Lake Carroll is 30 minutes; 11% of workers work from home.
What is the unemployment rate in Lake Carroll?
The unemployment rate in Lake Carroll is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Carroll?
41.4% of adults in Lake Carroll 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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