Channel Lake, IL
Population 1,988 · Illinois
About Channel Lake, IL
Channel Lake is a small community in Illinois with a population of 1,988 residents. The median household income is $63,958 per year, which is near the national average. The median age in Channel Lake is 34.8 years.
Housing in Channel Lake has a median home value of $210,400 and median monthly rent of $1,526. Of the 853 total housing units, the majority are owner-occupied, with 618 owner-occupied and 167 renter-occupied units.
The unemployment rate in Channel Lake is 3.8% and the poverty rate is 19.4%. 19.9% of residents hold a bachelor's degree or higher. The average commute time is 32.9 minutes.
Cost of Living in Channel Lake, IL
Compared to national averages, Channel Lake has a median household income of $63,958 (15% below the national median of $75,149). Home values average $210,400, which is 14% below the national median. Monthly rent at $1,526 is 31% above the US average of $1,163. Within Illinois, Channel Lake's income is 15% below the state average of $75,072, and home values are 27% above the state median of $165,779.
Why Live in Channel Lake, IL?
Channel Lake offers affordable housing with a median home value of $210,400, below the US average of $244,900.
Potential considerations include median household income ($63,958) that falls below the national average. However, Channel Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Channel Lake has a population of 1,988 with a median age of 34.8 years. Compare Channel Lake with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Channel Lake
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roanoke | 1,987 | $74,141 | $139,800 | Compare |
| Farmington | 1,990 | $64,313 | $99,300 | Compare |
| Prairie Grove | 1,992 | $138,229 | $439,100 | Compare |
| Mount Olive | 1,979 | $55,139 | $96,600 | Compare |
| Lake of the Woods | 1,976 | $69,054 | $194,300 | Compare |
| Farmer City | 2,001 | $73,147 | $128,900 | Compare |
| Crystal Lawns | 1,965 | $109,415 | $234,600 | Compare |
| Earlville | 2,015 | $62,763 | $127,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Channel Lake
What is the population of Channel Lake, IL?
The population of Channel Lake, IL is 1,988 according to the latest Census data.
What is the median household income in Channel Lake?
The median household income in Channel Lake, IL is $63,958 per year.
What is the median home value in Channel Lake?
The median home value in Channel Lake, IL is $210,400.
What is the average rent in Channel Lake?
The median monthly rent in Channel Lake, IL is $1,526.
What is the unemployment rate in Channel Lake?
The unemployment rate in Channel Lake, IL is 3.8%.