Mount Carroll, IL
Population 1,515 · Illinois
About Mount Carroll, IL
Mount Carroll is a small town located in Illinois with a population of 1,515 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,167 per year, which is 21% below the national median of $75,149. The median age of 44.6 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 Mount Carroll features a median home value of $88,800, which is 64% below the national median of $244,900. This makes Mount Carroll one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $749, 36% below the national average of $1,163/month. Of the 746 total housing units, 76% are owner-occupied (500 units) and 24% are renter-occupied (154 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mount Carroll 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 10.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mount Carroll have an average one-way commute time of 26.3 minutes.
Education & Demographics
23.0% of Mount Carroll 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 2.6% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Mount Carroll, IL
Compared to national averages, Mount Carroll has a median household income of $59,167 (21% below the national median of $75,149). Home values average $88,800, which is 64% below the national median. Monthly rent at $749 is 36% below the US average of $1,163. Within Illinois, Mount Carroll's income is 21% below the state average of $75,072, and home values are 46% below the state median of $165,779.
Why Live in Mount Carroll, IL?
Mount Carroll offers affordable housing with a median home value of $88,800, below the US average of $244,900, and rent that’s lower than the national average at $749/month, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features a low poverty rate of 10.4%, better than the national average.
Potential considerations include median household income ($59,167) that falls below the national average. However, Mount Carroll’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mount Carroll has a population of 1,515 with a median age of 44.6 years. Compare Mount Carroll with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Mount Carroll
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grayville | 1,515 | $47,308 | $76,000 | Compare |
| Mount Pulaski | 1,513 | $70,175 | $113,400 | Compare |
| Warsaw | 1,511 | $58,074 | $90,700 | Compare |
| Williamsville | 1,519 | $104,135 | $187,000 | Compare |
| Lanark | 1,510 | $66,250 | $97,100 | Compare |
| Malta | 1,507 | $83,611 | $178,900 | Compare |
| Harristown | 1,526 | $74,018 | $116,700 | Compare |
| Thomson | 1,526 | $54,063 | $122,300 | 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 Mount Carroll With Other Cities
Frequently Asked Questions about Mount Carroll
What is the population of Mount Carroll, IL?
The population of Mount Carroll, IL is 1,515 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 Mount Carroll?
The median household income in Mount Carroll, IL is $59,167 per year, which is 21% below the national median of $75,149.
What is the median home value in Mount Carroll?
The median home value in Mount Carroll, IL is $88,800, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mount Carroll?
The median monthly rent in Mount Carroll, IL is $749, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Mount Carroll?
The unemployment rate in Mount Carroll, 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 Mount Carroll, IL a good place to live?
Mount Carroll offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,515 and a median age of 44.6, the city appeals to a broad range of residents.
How educated is Mount Carroll, IL?
23.0% of residents in Mount Carroll 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 Mount Carroll?
Key cost-of-living indicators for Mount Carroll, IL: median home value is $88,800 (64% below national), median rent is $749/month, and median household income is $59,167. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mount Carroll?
The poverty rate in Mount Carroll, IL is 10.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mount Carroll, IL?
Mount Carroll's population is 2.6% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 1.1% two or more races. 2.6% of residents are foreign-born.