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Channel Lake, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,052
Population
$68,250
Median Income
$223,000
Home Value
39.4
Median Age

Demographics

Channel Lake has a population of 2,052 with a median age of 39.4. Here is the racial and ethnic breakdown of the population:

White
86.7%
Hispanic
8.0%
Other
4.4%
Black
0.9%
Demographic Value
Total Population2,052
Median Age39.4
White86.7%
Black or African American0.9%
Hispanic or Latino8.0%
Other / Two or More Races4.4%
Channel Lake, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 86.7%Hispanic/Latino: 8.0%Other: 4.4%Other: 0.9%2,052PopulationWhiteWhite86.7%Hispanic/LatinoHispanic/Latino8.0%OtherOther4.4%OtherOther0.9%

Income & Economy

The median household income in Channel Lake is $68,250, which is 15.3% below the national median of $80,610. The per capita income is $34,597. The poverty rate is 23.1%.

$68,250
Median Household Income
$34,597
Per Capita Income
23.1%
Poverty Rate

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Education

In Channel Lake, 96.7% of residents age 25+ have a high school diploma or higher, and 24.8% hold a bachelor's degree or higher (4.2% with a graduate or professional degree).

HS Diploma+
96.7%
Bachelor's+
24.8%
Graduate+
4.2%
Education Level % of Adults (25+)
High School Diploma or Higher96.7%
Bachelor's Degree or Higher24.8%
Graduate or Professional Degree4.2%

Housing

The median home value in Channel Lake is $223,000, below the national median of $303,400. The median monthly rent is $1,584. The homeownership rate is 81.2%.

$223,000
Median Home Value
$1,584/mo
Median Rent
81.2%
Homeownership Rate
Housing Metric Value
Median Home Value$223,000
Median Monthly Rent$1,584
Homeownership Rate81.2%
Vacancy Rate10.3%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Channel Lake, Illinois?
The population of Channel Lake, Illinois is 2,052 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Channel Lake, Illinois?
The median household income in Channel Lake, Illinois is $68,250. This is 15.3% below the national median of $80,610.
What is the median home value in Channel Lake, Illinois?
The median home value in Channel Lake, Illinois is $223,000. The median monthly rent is $1,584.
What percentage of people in Channel Lake have a college degree?
In Channel Lake, Illinois, 24.8% of adults age 25 and older hold a bachelor's degree or higher, and 96.7% have a high school diploma or higher.
Is Channel Lake, Illinois an affordable place to live?
The home price-to-income ratio in Channel Lake, Illinois is 3.3x (median home value $223,000 vs. median income $68,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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