CensusEasy
CITY · 2020 ACS

Lake Carroll

Illinois · 852 residents · 13.546 sq mi
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The short version

Lake Carroll is wealthier than most US places, with a median household income of $84,048. Population has grown 24% since 2021. Median home value is $300,800. With a median age of 60.9, the population is older than the US median of 38.8. Poverty is rare here, at 4.4% of residents.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 60.9
US median: 38.8
Average education
33% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
852
+24%vs 2021
vs 686 in 2021
2020 – 2024
Population density
63 / sq mi
+24%vs 2021
vs 51 / sq mi in 2021
US average: 280
Median age
60.9
+3%vs 2021
vs 59.4 in 2021
US average: 38.8
Population, 2020 – 2024
66971977082087020202024Lake Carroll
2024853
20202024
Section 02

Income & economy

Median household income
$84,048
−2%inflation adjusted, since 2021
vs $90,083 in 2021
US average: $66,278
2020 – 2024
Per capita income
$38,274
+5%vs 2021
vs $36,512 in 2021
US average: $35,364
Households earning $100K+
62.0%
−0.6 ptsvs 2021
vs 62.6% in 2021
US average: 43.9%
Poverty rate
4.4%
+0.5 ptsvs 2021
vs 3.9% in 2021
US average: 12.8%
Workforce by industry, 2020
Information29.7%
US avg: 11.1%
Other services20.3%
US avg: 6.6%
Retail trade10.8%
US avg: 10%
Public administration9.5%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Wholesale trade0%
US avg: 6.7%
Transportation & warehousing0%
US avg: 2.5%
Finance & insurance0%
US avg: 5.5%
Professional, scientific, technical0%
US avg: 4.7%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$300,800
+15%inflation adjusted, since 2021
vs $273,800 in 2021
US average: $265,253
2020 – 2024
Owner-occupied
91.7%
−7.2 ptsvs 2021
vs 98.9% in 2021
8.3% rent
Afford Score
3.6
+18%vs 2021
vs 3.0 in 2021
2020 – 2024
RELATED:See current rent listings in Lake Carroll on RentDataNow
Section 04

Race & ethnicity

2021
White, non-Hispanic98.4%(675)
Black1.2%(8)
Hispanic / Latino0%(0)
Asian0%(0)
Other0.4%(3)
Diversity Score4%(27)
2020
White, non-Hispanic96.5%(822)
Black0.2%(2)
Hispanic / Latino1.1%(9)
Asian0.4%(3)
Other0.2%(2)
Diversity Score4.6%(39)
Diversity Score
5
+17%vs 2021
vs 4 in 2021
2020 – 2024
Section 05

Education

Bachelor's degree or higher
33.4%
−6.3 ptsvs 2021
vs 39.7% in 2021
US average: 32.9%
High school or higher
97.5%
+3.5 ptsvs 2021
vs 94.0% in 2021
US average: 88.5%
Graduate degree
14.1%
+3.5 ptsvs 2021
vs 10.5% in 2021
US average: 12.7%
Section 06

Commute & transportation

Average commute
18.9 min
−3%vs 2021
vs 19.4 min in 2021
US average: 26.9
Drive alone to work
89.2%
+7.8 ptsvs 2021
vs 81.4% in 2021
US average: 75.1%
No vehicle available
0.0%
Unchangedvs 2021
vs 0.0% in 2021
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.3%
+6.3 ptsvs 2021
vs 0.0% in 2021
US average: 5.4%
Labor force participation
19.8%
−16.0 ptsvs 2021
vs 35.9% in 2021
US average: 63.4%
Management & professional
35.1%
−9.6 ptsvs 2021
vs 44.7% in 2021
US average: 39.3%
Section 08

People & community

Male
45.6%
−1.2 ptsvs 2021
vs 46.8% in 2021
Female
54.4%
+1.2 ptsvs 2021
vs 53.2% in 2021
Foreign born
1.8%
+0.2 ptsvs 2021
vs 1.6% in 2021
US average: 13.5%
Uninsured
1.0%
−8.8 ptsvs 2021
vs 9.8% in 2021
US average: 8.8%
Drill deeper

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Head to head

Compare Lake Carroll to nearby cities

LAKE CARROLL VS
Freeport
Income$51,723−38%
Home value$92,100−69%
Population23,202+2620%
SEE FULL COMPARISON →
LAKE CARROLL VS
Sterling
Income$57,350−32%
Home value$108,700−64%
Population14,394+1587%
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LAKE CARROLL VS
Rock Falls
Income$49,600−41%
Home value$83,900−72%
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LAKE CARROLL VS
Clinton
Income$60,230−28%
Home value$118,200−61%
Population24,049+2719%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake Carroll, Illinois?

Lake Carroll, Illinois has about 852 residents according to the 2020 American Community Survey.

What is the median household income in Lake Carroll, Illinois?

The typical household in Lake Carroll, Illinois earns about $84,048 a year. Half of households make more than that, and half make less.

Is Lake Carroll, Illinois expensive?

In Lake Carroll, Illinois, the median home is worth about $300,800.

How educated are people in Lake Carroll, Illinois?

About 33.4% of adults age 25 and over in Lake Carroll, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Lake Carroll, Illinois?

About 4.4% of people in Lake Carroll, Illinois live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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