Lake Carroll, IL
Population 763 · Illinois
About Lake Carroll, IL
Lake Carroll is a small community in Illinois with a population of 763 residents. The median household income is $101,250 per year, which is above the national average. The median age in Lake Carroll is 60.6 years.
Housing in Lake Carroll has a median home value of $317,900 and median monthly rent of $0. Of the 910 total housing units, the majority are owner-occupied, with 272 owner-occupied and 2 renter-occupied units.
The unemployment rate in Lake Carroll is 0.0% and the poverty rate is 3.1%. 36.9% of residents hold a bachelor's degree or higher. The average commute time is 28.2 minutes.
Cost of Living in Lake Carroll, IL
Compared to national averages, Lake Carroll has a median household income of $101,250 (35% above the national median of $75,149). Home values average $317,900, which is 30% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Lake Carroll's income is 35% above the state average of $75,072, and home values are 92% above the state median of $165,779.
Why Live in Lake Carroll, IL?
Lake Carroll offers a strong local economy with a median household income of $101,250, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 36.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.1%, better than the national average.
Lake Carroll has a population of 763 with a median age of 60.6 years. Compare Lake Carroll with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lake Carroll
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elizabeth | 764 | $47,500 | $115,500 | Compare |
| Ridgway | 764 | $42,404 | $73,700 | Compare |
| Tiskilwa | 762 | $60,750 | $88,300 | Compare |
| Ashkum | 765 | $67,500 | $136,500 | Compare |
| Bartelso | 768 | $93,929 | $192,000 | Compare |
| Kirkwood | 769 | $70,385 | $89,500 | Compare |
| Lake Petersburg | 769 | $124,643 | $336,200 | Compare |
| West Salem | 769 | $50,500 | $65,800 | 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 Lake Carroll
What is the population of Lake Carroll, IL?
The population of Lake Carroll, IL is 763 according to the latest Census data.
What is the median household income in Lake Carroll?
The median household income in Lake Carroll, IL is $101,250 per year.
What is the median home value in Lake Carroll?
The median home value in Lake Carroll, IL is $317,900.
What is the average rent in Lake Carroll?
The median monthly rent in Lake Carroll, IL is $0.
What is the unemployment rate in Lake Carroll?
The unemployment rate in Lake Carroll, IL is 0.0%.