Lake Catherine, IL
Population 1,091 · Illinois
About Lake Catherine, IL
Lake Catherine is a small town located in Illinois with a population of 1,091 residents according to the latest US Census Bureau American Community Survey data. The median household income is $94,821 per year, which is 26% above the national median of $75,149. The median age of 50.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Catherine features a median home value of $237,100, which is 3% below the national median of $244,900. This positions Lake Catherine in a moderately priced market relative to the rest of the country. Median monthly rent is $1,250, 7% above the national average of $1,163/month. Of the 667 total housing units, 78% are owner-occupied (397 units) and 22% are renter-occupied (110 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Catherine shows an unemployment rate of 10.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Catherine have an average one-way commute time of 32 minutes.
Education & Demographics
25.9% of Lake Catherine 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, 1.1% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Lake Catherine, IL
Compared to national averages, Lake Catherine has a median household income of $94,821 (26% above the national median of $75,149). Home values average $237,100, which is 3% below the national median. Monthly rent at $1,250 is 7% above the US average of $1,163. Within Illinois, Lake Catherine's income is 26% above the state average of $75,072, and home values are 43% above the state median of $165,779.
Why Live in Lake Catherine, IL?
Lake Catherine offers a strong local economy with a median household income of $94,821, well above the national average, and affordable housing with a median home value of $237,100, below the US average of $244,900, and a low poverty rate of 7.2%, better than the national average.
Lake Catherine has a population of 1,091 with a median age of 50.5 years. Compare Lake Catherine with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lake Catherine
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Astoria | 1,094 | $49,345 | $63,700 | Compare |
| McCullom Lake | 1,087 | $71,000 | $180,700 | Compare |
| Franklin Grove | 1,086 | $60,833 | $136,800 | Compare |
| La Harpe | 1,085 | $49,028 | $84,200 | Compare |
| Leland | 1,102 | $74,911 | $181,000 | Compare |
| Grandview | 1,077 | $48,906 | $72,900 | Compare |
| Royalton | 1,076 | $49,625 | $51,900 | Compare |
| Stronghurst | 1,106 | $80,556 | $104,400 | 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 Catherine With Other Cities
Frequently Asked Questions about Lake Catherine
What is the population of Lake Catherine, IL?
The population of Lake Catherine, IL is 1,091 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 Catherine?
The median household income in Lake Catherine, IL is $94,821 per year, which is 26% above the national median of $75,149.
What is the median home value in Lake Catherine?
The median home value in Lake Catherine, IL is $237,100, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Catherine?
The median monthly rent in Lake Catherine, IL is $1,250, which is 7% above the national average of $1,163/month.
What is the unemployment rate in Lake Catherine?
The unemployment rate in Lake Catherine, IL is 10.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Catherine, IL a good place to live?
Lake Catherine offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,091 and a median age of 50.5, the city appeals to established professionals and retirees.
How educated is Lake Catherine, IL?
25.9% of residents in Lake Catherine aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Catherine?
Key cost-of-living indicators for Lake Catherine, IL: median home value is $237,100 (3% below national), median rent is $1,250/month, and median household income is $94,821. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Catherine?
The poverty rate in Lake Catherine, IL is 7.2%, 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 Catherine, IL?
Lake Catherine's population is 0.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.