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Lake Petersburg, 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
928
Population
$144,375
Median Income
$338,700
Home Value
60.8
Median Age

Demographics

Lake Petersburg has a population of 928 with a median age of 60.8. Here is the racial and ethnic breakdown of the population:

White
100.0%
Demographic Value
Total Population928
Median Age60.8
White100.0%
Lake Petersburg, Illinois — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.White: 100.0%928PopulationWhiteWhite100.0%

Income & Economy

The median household income in Lake Petersburg is $144,375, which is 79.1% above the national median of $80,610. The per capita income is $70,819. The poverty rate is 2.7%.

$144,375
Median Household Income
$70,819
Per Capita Income
2.7%
Poverty Rate

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Education

In Lake Petersburg, 100.0% of residents age 25+ have a high school diploma or higher, and 48.2% hold a bachelor's degree or higher (13.6% with a graduate or professional degree).

HS Diploma+
100.0%
Bachelor's+
48.2%
Graduate+
13.6%
Education Level % of Adults (25+)
High School Diploma or Higher100.0%
Bachelor's Degree or Higher48.2%
Graduate or Professional Degree13.6%

Housing

The median home value in Lake Petersburg is $338,700, above the national median of $303,400. The homeownership rate is 97.1%.

$338,700
Median Home Value
97.1%
Homeownership Rate
Housing Metric Value
Median Home Value$338,700
Homeownership Rate97.1%
Vacancy Rate10.8%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Frequently Asked Questions

What is the population of Lake Petersburg, Illinois?
The population of Lake Petersburg, Illinois is 928 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Petersburg, Illinois?
The median household income in Lake Petersburg, Illinois is $144,375. This is 79.1% above the national median of $80,610.
What is the median home value in Lake Petersburg, Illinois?
The median home value in Lake Petersburg, Illinois is $338,700.
What percentage of people in Lake Petersburg have a college degree?
In Lake Petersburg, Illinois, 48.2% of adults age 25 and older hold a bachelor's degree or higher, and 100.0% have a high school diploma or higher.
Is Lake Petersburg, Illinois an affordable place to live?
The home price-to-income ratio in Lake Petersburg, Illinois is 2.3x (median home value $338,700 vs. median income $144,375), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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