Lane, IL
Population 145 · Illinois
About Lane, IL
Lane is a small community located in Illinois with a population of 145 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 10.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lane features a median home value of $0, which is 100% below the national median of $244,900. This makes Lane one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 40 total housing units, 10% are owner-occupied (4 units) and 90% are renter-occupied (36 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Lane shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lane have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Lane residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% 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 Lane, IL
Compared to national averages, Lane has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Lane's income is 100% below the state average of $75,072, and home values are 100% below the state median of $165,779.
Why Live in Lane, IL?
Lane offers affordable housing with a median home value of $0, below the US average of $244,900, 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 low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Lane’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lane has a population of 145 with a median age of 10.9 years. Compare Lane with other cities to see how it stacks up, or explore all cities in Illinois.
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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 Lane
What is the population of Lane, IL?
The population of Lane, IL is 145 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Lane?
The median household income in Lane, IL is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Lane?
The median home value in Lane, IL is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Lane?
The median monthly rent in Lane, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lane?
The unemployment rate in Lane, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lane, IL a good place to live?
Lane offers a moderate cost of living, affordable housing, and a strong job market. With a population of 145 and a median age of 10.9, the city appeals to young professionals and families.
How educated is Lane, IL?
0.0% of residents in Lane 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 Lane?
Key cost-of-living indicators for Lane, IL: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Lane?
The poverty rate in Lane, 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 Lane, IL?
Lane's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.7% two or more races. 0.0% of residents are foreign-born.