Living in Lanark, Illinois
Cost of living, income, home prices, rent and demographics of Lanark · Census data 2020–2024
Lanark has 1,541 residents with a median age of 38.4. The median household income is $59,375 (29% lower than the Illinois median), the median home value is $96,600, the median rent is $819/month.
Lanark at a glance
- Population
- 1,541
- Median age
- 38.4State: 39
- Median household income
- $59,375State: $83,390
- Median home value
- $96,600State: $263,300
- Median rent
- $819/moState: $1,274
- Homeowners
- 78.6%
- Bachelor's degree or higher
- 14.5%
- Average commute
- 25 min
Is Lanark a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 25 minutes; unemployment of 2.3%.
Cons: Median household income 29% lower than the Illinois median; a poverty rate of 12.7%.
The weather is best in June to September.
Cost of living in Lanark
Housing is the biggest part of the cost of living. In Lanark the median home value is $96,600, 71% lower than the U.S. median. Renters pay a median of $819 per month, which is 24.4% of household income. Homeowners with a mortgage pay $958 a month in housing costs.
Lanark median household income
The median household income in Lanark is $59,375 and the income per person is $34,486. 12.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lanark: homes for sale and rent
- Housing units
- 814
- Owner-occupied
- 78.6%
- Renter-occupied
- 21.4%
- Vacant
- 13.8%Includes seasonal homes
- Median year built
- 1943
- Average household size
- 2.18
Lanark demographics
- Population
- 1,541
- Median age
- 38.4
- Under 18
- 24.3%
- 65 and older
- 21.5%
- Households
- 702
- Foreign-born
- 0.3%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lanark ›
Education in Lanark
14.5% of adults 25 and older in Lanark have a bachelor's degree or higher (Illinois: 37.8%), and 3.9% have a graduate or professional degree.
Jobs and commute in Lanark
- Unemployment rate
- 2.3%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 3.6%
- Drive alone
- 86.1%
- Public transit
- 0.9%
- Walk to work
- 3%
- Homes with broadband
- 86.6%
Lanark vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lanark | 1,541 | $59,375 | $96,600 | $819 |
| Lake Carroll | 853 | $108,750 | $348,500 | — |
| Shannon | 772 | $58,929 | $115,100 | $604 |
| Chadwick | 591 | $78,688 | $85,700 | — |
| Mount Carroll | 1,501 | $58,500 | $86,600 | $785 |
| Milledgeville | 1,218 | $59,417 | $94,200 | $513 |
| Pearl City | 745 | $63,295 | $128,200 | $744 |
| Forreston | 1,360 | $70,676 | $129,900 | $744 |
| Coleta | 169 | $56,875 | $111,800 | $925 |
More for people moving to Lanark
Lanark ZIP code ›Weather and climate ›Living in Lanark: FAQ
What is the median household income in Lanark, IL?
The median household income in Lanark is $59,375, 29% 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 Lanark?
The median home value in Lanark is $96,600, compared with $263,300 in Illinois.
How much is rent in Lanark?
The median gross rent in Lanark is $819 per month, about 24.4% of household income.
Is Lanark, IL a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 25 minutes; unemployment of 2.3%. Minuses: median household income 29% lower than the Illinois median; a poverty rate of 12.7%.
What is the median age in Lanark?
The median age in Lanark is 38.4 years (Illinois: 39).
How long is the commute in Lanark?
The average commute to work in Lanark is 25 minutes; 3.6% of workers work from home.
What is the unemployment rate in Lanark?
The unemployment rate in Lanark is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lanark?
14.5% of adults in Lanark 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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