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CITY · 2020 ACS

Lake Petersburg

Illinois · 740 residents · 1.807 sq mi
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The short version

Lake Petersburg is significantly wealthier than the US average, with a median household income of $96,750. The city has grown rapidly, with population up 65% since 2019. Median home value is $266,000. With a median age of 55.9, the population is older than the US median of 38.8. Poverty is rare here, at 1.3% of residents. Households here earn about 41% more than the Illinois median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 55.9
US median: 38.8
Average education
36% 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
740
+65%since 2019
from 449 in 2019
2010 – 2024
Population density
410 / sq mi
+65%since 2019
from 248 / sq mi in 2019
US average: 280
Median age
55.9
−15%since 2019
from 65.9 in 2019
US average: 38.8
Population, 2010 – 2024
401545689832976201020202024Lake Petersburg
2024928
201020202024
Section 02

Income & economy

Median household income
$96,750
+28%inflation adjusted, since 2019
from $74,500 in 2019
US average: $66,278
2010 – 2024
Per capita income
$52,374
−2%since 2019
from $53,490 in 2019
US average: $35,364
Households earning $100K+
65.3%
+16.1 ptssince 2019
from 49.3% in 2019
US average: 43.9%
Poverty rate
1.3%
−6.1 ptssince 2019
from 7.3% in 2019
US average: 12.8%
Workforce by industry, 2020
Wholesale trade18.4%
US avg: 6.7%
Retail trade15%
US avg: 10%
Arts, entertainment, food9.8%
US avg: 2%
Other services8.1%
US avg: 6.6%
Public administration8.1%
US avg: 4.7%
Transportation & warehousing4.3%
US avg: 2.5%
Information4.3%
US avg: 11.1%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Finance & insurance0%
US avg: 5.5%
Professional, scientific, technical0%
US avg: 4.7%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$266,000
−3%inflation adjusted, since 2019
from $270,400 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
99.1%
+9.3 ptssince 2019
from 89.8% in 2019
0.9% rent
Afford Score
2.7
−24%since 2019
from 3.6 in 2019
2010 – 2024
RELATED:See current rent listings in Lake Petersburg on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic91.1%(409)
Black0%(0)
Hispanic / Latino3.8%(17)
Asian4%(18)
Other1.1%(5)
Diversity Score20.9%(94)
2020
White, non-Hispanic96.5%(714)
Black0.3%(2)
Hispanic / Latino0.7%(5)
Asian0.4%(3)
Other0.7%(5)
Diversity Score5.2%(39)
Diversity Score
5
−75%since 2019
from 21 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
35.8%
−6.3 ptssince 2019
from 42.1% in 2019
US average: 32.9%
High school or higher
97.4%
+0.6 ptssince 2019
from 96.8% in 2019
US average: 88.5%
Graduate degree
11.7%
−8.1 ptssince 2019
from 19.8% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
30.2 min
+10%since 2019
from 27.4 min in 2019
US average: 26.9
Drive alone to work
76.1%
−15.5 ptssince 2019
from 91.5% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.9%
−0.8 ptssince 2019
from 5.6% in 2019
US average: 5.4%
Labor force participation
49.1%
+0.7 ptssince 2019
from 48.4% in 2019
US average: 63.4%
Management & professional
42.7%
−2.5 ptssince 2019
from 45.3% in 2019
US average: 39.3%
Section 08

People & community

Male
51.0%
+4.2 ptssince 2019
from 46.8% in 2019
Female
49.0%
−4.2 ptssince 2019
from 53.2% in 2019
Foreign born
3.5%
−0.5 ptssince 2019
from 4.0% in 2019
US average: 13.5%
Uninsured
5.9%
−1.2 ptssince 2019
from 7.1% in 2019
US average: 8.8%
Drill deeper

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Pop 873
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Head to head

Compare Lake Petersburg to nearby cities

LAKE PETERSBURG VS
Springfield
Income$66,064−32%
Home value$162,100−39%
Population112,989+12076%
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LAKE PETERSBURG VS
Chatham
Income$106,773+10%
Home value$243,200−9%
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LAKE PETERSBURG VS
Jacksonville
Income$65,432−32%
Home value$128,200−52%
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LAKE PETERSBURG VS
Lincoln
Income$57,340−41%
Home value$124,300−53%
Population12,981+1299%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake Petersburg, Illinois?

Lake Petersburg, Illinois has about 740 residents according to the 2020 American Community Survey.

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

The typical household in Lake Petersburg, Illinois earns about $96,750 a year. Half of households make more than that, and half make less.

Is Lake Petersburg, Illinois expensive?

In Lake Petersburg, Illinois, the median home is worth about $266,000.

How educated are people in Lake Petersburg, Illinois?

About 35.8% of adults age 25 and over in Lake Petersburg, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Lake Petersburg, Illinois?

About 1.3% of people in Lake Petersburg, 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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