Lakemoor, IL
Population 5,878 · Illinois
About Lakemoor, IL
Lakemoor is a small town located in Illinois with a population of 5,878 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,929 per year, which is 29% above the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lakemoor features a median home value of $261,300, which is 7% above the national median of $244,900. This positions Lakemoor in a moderately priced market relative to the rest of the country. Median monthly rent is $1,711, 47% above the national average of $1,163/month. Of the 2,520 total housing units, 61% are owner-occupied (1,415 units) and 39% are renter-occupied (918 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lakemoor shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakemoor have an average one-way commute time of 33.8 minutes.
Education & Demographics
39.7% of Lakemoor 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 12.2% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 9.6% of the population being foreign-born.
Cost of Living in Lakemoor, IL
Compared to national averages, Lakemoor has a median household income of $96,929 (29% above the national median of $75,149). Home values average $261,300, which is 7% above the national median. Monthly rent at $1,711 is 47% above the US average of $1,163. Within Illinois, Lakemoor's income is 29% above the state average of $75,072, and home values are 58% above the state median of $165,779.
Why Live in Lakemoor, IL?
Lakemoor offers a strong local economy with a median household income of $96,929, well above the national average, and a strong job market with an unemployment rate of just 2.6%, and a well-educated community where 39.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.1%, better than the national average.
Lakemoor has a population of 5,878 with a median age of 38.5 years. Compare Lakemoor with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lakemoor
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Willow Springs | 5,871 | $103,429 | $370,900 | Compare |
| Spring Grove | 5,866 | $133,224 | $371,200 | Compare |
| Metropolis | 5,898 | $51,548 | $93,700 | Compare |
| Bartonville | 5,854 | $67,674 | $128,000 | Compare |
| Lake Bluff | 5,834 | $205,735 | $739,400 | Compare |
| Peoria Heights | 5,834 | $62,083 | $118,000 | Compare |
| Carterville | 5,822 | $65,238 | $183,500 | Compare |
| Du Quoin | 5,780 | $47,632 | $78,000 | 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 Lakemoor With Other Cities
Frequently Asked Questions about Lakemoor
What is the population of Lakemoor, IL?
The population of Lakemoor, IL is 5,878 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 Lakemoor?
The median household income in Lakemoor, IL is $96,929 per year, which is 29% above the national median of $75,149.
What is the median home value in Lakemoor?
The median home value in Lakemoor, IL is $261,300, which is 7% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakemoor?
The median monthly rent in Lakemoor, IL is $1,711, which is 47% above the national average of $1,163/month.
What is the unemployment rate in Lakemoor?
The unemployment rate in Lakemoor, IL is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakemoor, IL a good place to live?
Lakemoor offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,878 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Lakemoor, IL?
39.7% of residents in Lakemoor 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 Lakemoor?
Key cost-of-living indicators for Lakemoor, IL: median home value is $261,300 (7% above national), median rent is $1,711/month, and median household income is $96,929. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakemoor?
The poverty rate in Lakemoor, IL is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakemoor, IL?
Lakemoor's population is 12.2% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.9% two or more races. 9.6% of residents are foreign-born.