Lily Lake, IL
Population 1,432 · Illinois
About Lily Lake, IL
Lily Lake is a small community in Illinois with a population of 1,432 residents. The median household income is $145,192 per year, which is above the national average. The median age in Lily Lake is 44.2 years.
Housing in Lily Lake has a median home value of $379,300 and median monthly rent of $1,438. Of the 454 total housing units, the majority are owner-occupied, with 447 owner-occupied and 7 renter-occupied units.
The unemployment rate in Lily Lake is 8.2% and the poverty rate is 0.6%. 38.5% of residents hold a bachelor's degree or higher. The average commute time is 31.9 minutes.
Cost of Living in Lily Lake, IL
Compared to national averages, Lily Lake has a median household income of $145,192 (93% above the national median of $75,149). Home values average $379,300, which is 55% above the national median. Monthly rent at $1,438 is 24% above the US average of $1,163. Within Illinois, Lily Lake's income is 93% above the state average of $75,072, and home values are 129% above the state median of $165,779.
Why Live in Lily Lake, IL?
Lily Lake offers a strong local economy with a median household income of $145,192, well above the national average, and a well-educated community where 38.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $379,300. However, Lily Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lily Lake has a population of 1,432 with a median age of 44.2 years. Compare Lily Lake with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lily Lake
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Albers | 1,428 | $116,691 | $209,000 | Compare |
| East Dubuque | 1,427 | $62,313 | $146,800 | Compare |
| Cerro Gordo | 1,426 | $69,118 | $108,000 | Compare |
| Warren | 1,439 | $73,500 | $104,900 | Compare |
| Mazon | 1,424 | $76,458 | $203,100 | Compare |
| Barry | 1,442 | $66,017 | $88,600 | Compare |
| Waterman | 1,419 | $97,386 | $212,900 | Compare |
| Dunlap | 1,448 | $137,240 | $283,800 | 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 Lily Lake
What is the population of Lily Lake, IL?
The population of Lily Lake, IL is 1,432 according to the latest Census data.
What is the median household income in Lily Lake?
The median household income in Lily Lake, IL is $145,192 per year.
What is the median home value in Lily Lake?
The median home value in Lily Lake, IL is $379,300.
What is the average rent in Lily Lake?
The median monthly rent in Lily Lake, IL is $1,438.
What is the unemployment rate in Lily Lake?
The unemployment rate in Lily Lake, IL is 8.2%.