Lake Camelot, IL
Population 1,744 · Illinois
About Lake Camelot, IL
Lake Camelot is a small town located in Illinois with a population of 1,744 residents according to the latest US Census Bureau American Community Survey data. The median household income is $128,333 per year, which is 71% above the national median of $75,149. The median age of 40.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Camelot features a median home value of $220,300, which is 10% below the national median of $244,900. This positions Lake Camelot in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 668 total housing units, 100% are owner-occupied (636 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Camelot shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Camelot have an average one-way commute time of 23.1 minutes.
Education & Demographics
38.5% of Lake Camelot residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 4.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lake Camelot, IL
Compared to national averages, Lake Camelot has a median household income of $128,333 (71% above the national median of $75,149). Home values average $220,300, which is 10% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Lake Camelot's income is 71% above the state average of $75,072, and home values are 33% above the state median of $165,779.
Why Live in Lake Camelot, IL?
Lake Camelot offers a strong local economy with a median household income of $128,333, well above the national average, and affordable housing with a median home value of $220,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a well-educated community where 38.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 23.1 minutes.
Lake Camelot has a population of 1,744 with a median age of 40.4 years. Compare Lake Camelot with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lake Camelot
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Girard | 1,740 | $40,250 | $96,300 | Compare |
| Atlanta | 1,738 | $64,091 | $123,400 | Compare |
| Maroa | 1,751 | $72,500 | $128,200 | Compare |
| Steeleville | 1,732 | $60,982 | $155,100 | Compare |
| Washington Park | 1,728 | $42,008 | $43,200 | Compare |
| Hodgkins | 1,766 | $63,056 | $39,200 | Compare |
| Lacon | 1,768 | $60,750 | $111,700 | Compare |
| Heritage Lake | 1,708 | $117,422 | $210,600 | 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.
Compare Lake Camelot With Other Cities
Frequently Asked Questions about Lake Camelot
What is the population of Lake Camelot, IL?
The population of Lake Camelot, IL is 1,744 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Lake Camelot?
The median household income in Lake Camelot, IL is $128,333 per year, which is 71% above the national median of $75,149.
What is the median home value in Lake Camelot?
The median home value in Lake Camelot, IL is $220,300, which is 10% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Camelot?
The median monthly rent in Lake Camelot, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Camelot?
The unemployment rate in Lake Camelot, IL is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Camelot, IL a good place to live?
Lake Camelot offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,744 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Lake Camelot, IL?
38.5% of residents in Lake Camelot aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Camelot?
Key cost-of-living indicators for Lake Camelot, IL: median home value is $220,300 (10% below national), median rent is $0/month, and median household income is $128,333. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Camelot?
The poverty rate in Lake Camelot, IL is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Camelot, IL?
Lake Camelot's population is 0.0% White, 4.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.