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Lake Carroll, 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
853
Population
$108,750
Median Income
$348,500
Home Value
63.2
Median Age

Demographics

Lake Carroll has a population of 853 with a median age of 63.2. Here is the racial and ethnic breakdown of the population:

White
99.8%
Demographic Value
Total Population853
Median Age63.2
White99.8%
Lake Carroll, Illinois — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.White: 100.0%853PopulationWhiteWhite100.0%

Income & Economy

The median household income in Lake Carroll is $108,750, which is 34.9% above the national median of $80,610. The per capita income is $59,904. The poverty rate is 5.5%.

$108,750
Median Household Income
$59,904
Per Capita Income
5.5%
Poverty Rate

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Education

In Lake Carroll, 95.2% of residents age 25+ have a high school diploma or higher, and 41.4% hold a bachelor's degree or higher (10.3% with a graduate or professional degree).

HS Diploma+
95.2%
Bachelor's+
41.4%
Graduate+
10.3%
Education Level % of Adults (25+)
High School Diploma or Higher95.2%
Bachelor's Degree or Higher41.4%
Graduate or Professional Degree10.3%

Housing

The median home value in Lake Carroll is $348,500, above the national median of $303,400. The homeownership rate is 99.4%.

$348,500
Median Home Value
99.4%
Homeownership Rate
Housing Metric Value
Median Home Value$348,500
Homeownership Rate99.4%
Vacancy Rate61.9%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Lake Carroll, Illinois?
The population of Lake Carroll, Illinois is 853 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Carroll, Illinois?
The median household income in Lake Carroll, Illinois is $108,750. This is 34.9% above the national median of $80,610.
What is the median home value in Lake Carroll, Illinois?
The median home value in Lake Carroll, Illinois is $348,500.
What percentage of people in Lake Carroll have a college degree?
In Lake Carroll, Illinois, 41.4% of adults age 25 and older hold a bachelor's degree or higher, and 95.2% have a high school diploma or higher.
Is Lake Carroll, Illinois an affordable place to live?
The home price-to-income ratio in Lake Carroll, Illinois is 3.2x (median home value $348,500 vs. median income $108,750), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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