City profile · Illinois · Census ACS 2023

Lake Carroll, IL

Population, income, housing, safety, climate and schools for Lake Carroll - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

763
Residents
$101,250
Median income
$317,900
Median home
$916
Median rent (state)

Lake Carroll - the verdict

Nationally, Lake Carroll sits in the 78th percentile for household income among US cities with a population of 1,000 or more. Source: Census ACS.

78th
percentile, household income
67th
percentile, home value
5th
percentile, median rent
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Lake Carroll, IL

763 people live in Lake Carroll, Illinois - a small town by U.S. Census Bureau ACS 2023 estimates. Median household income here is $101,250 per year, placing it in the top quartile of U.S. cities for household income, with a poverty rate of 0.0%. Home values in Lake Carroll run a median of $317,900, and the median resident age is 60.6 years. About 36.9% of adults hold a bachelor's degree or higher, while 34.6% of working-age residents are in the labor force.

Illinois tracks close to the national cost-of-living baseline: BEA Regional Price Parities 2024 puts Illinois at 100.0 on a 100-equals-national-average scale (Near Average). A typical two-bedroom carries a HUD Fair Market Rent of $916 per month statewide. Monthly utility costs average around $240 across Illinois, per EIA 2023 residential energy estimates. Natural-hazard exposure scores 39.0 out of 100 on FEMA's National Risk Index (Very Low).

Population

763 residents

Census ACS 2023 - Illinois

Median Household Income

$101,250 /yr

Poverty 0.0%

Cost of Living Index (state)

100.0 (US=100)

Near Average - BEA RPP 2024, Illinois average

How does Lake Carroll compare to other US cities?

Lake Carroll measured against every US city with 1,000+ residents, computed live from the same Census and FBI data shown throughout this page.

Household income 78% higher than other cities
Home value 67% pricier than other cities
Median rent 5% pricier than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

How we calculate these percentiles & ranks

Each percentile compares Lake Carroll against every qualifying US city; each in-state rank narrows that to Illinois only. Full formula and direction notes: methodology.

Illinois-relative analysis

Median Gross Rent places Lake Carroll near the bottom of Illinois's cities

Among the 1,336 Illinois cities PlainCities tracks with reported median gross rent data, Lake Carroll ranks #935 - the 0th percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Lake Carroll only against its own state's cities, not the full US field.

Median Household Income
#207 of 1,311
84th percentile in Illinois
Median Gross Rent
#935 of 1,336
0th percentile in Illinois
Median Home Value
#128 of 1,315
90th percentile in Illinois
Poverty Rate
#1,245 of 1,335
0th percentile in Illinois
Bachelor's Degree or Higher
#223 of 1,336
83rd percentile in Illinois

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Illinois only, not a livability score. See the methodology for the source and calculation.

78thIncome percentile

78th percentile nationally for median household income. Source: Census ACS 2023 / FBI UCR 2023.

How Lake Carroll's home value compares nationally

Median home value vs. every US city (population 1,000+)

$317,900 33rd percentile more affordable than 33% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). Below this entry. $150,000–$175,000: 1,278 US cities (8%). Below this entry. $175,000–$200,000: 1,229 US cities (8%). Below this entry. $200,000–$225,000: 1,035 US cities (7%). Below this entry. $225,000–$250,000: 976 US cities (6%). Below this entry. $250,000–$275,000: 754 US cities (5%). Below this entry. $275,000–$300,000: 712 US cities (5%). Below this entry. $300,000–$325,000: 521 US cities (3%). This entry sits in this band. $325,000–$350,000: 526 US cities (3%). Above this entry. $350,000–$375,000: 465 US cities (3%). Above this entry. $375,000–$400,000: 393 US cities (3%). Above this entry. $400,000–$425,000: 317 US cities (2%). Above this entry. $425,000–$450,000: 300 US cities (2%). Above this entry. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Lake Carroll $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Lake Carroll, IL Lake Carroll, IL's reported median household income shown against the U.S. national quintile-share pattern (not Lake Carroll, IL-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Lake Carroll, IL median $101,250/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Lake Carroll, IL's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Lake Carroll, IL. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 36.9%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 0.0%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 34.6%

Census ACS S2301, share of working-age residents in the labor force

Population
763
Median Income
$101,250
Median Home Value
$317,900
Median Age
60.6
Poverty Rate
0.0%
Labor force participation
34.6%
Bachelor's Degree+
36.9%

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
80.2%
Carpool
0.0%
Public Transit
0.0%
Walk
10.1%
Work from Home
9.7%

Based on 217 workers 16 and over.

Monthly Utility Costs

State-average estimates for Illinois - EIA 2023 residential energy data

Electricity
$100
avg/month
Natural Gas
$90
avg/month
Water & Sewer
$50
avg/month
Total Utilities
$240
estimated/month

Estimates reflect Illinois state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a Illinois state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Lake Carroll sits in

Cost of Living Index
100.0
Near Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$916/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
39.0 / 100
Very Low
FEMA NRI composite score (county)

Similar Cities in Illinois

Elizabeth
764 people
Ridgway
764 people
Tiskilwa
762 people
Ashkum
765 people
Bartelso
768 people
Kirkwood
769 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Lake Carroll's 763 residents (Census ACS 5-Year 2023).

Mountain Gate, CA
763 people
Latimer, IA
763 people
New Hartford, IA
763 people
Franklin, KS
763 people
Gillis, LA
763 people
Boys Town, NE
763 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Lake Carroll's $101,250 (Census ACS 5-Year 2023, table B19013).

Anderson, AK
$101,250 median income
Big Delta, AK
$101,250 median income
East Nicolaus, CA
$101,250 median income
Oak Glen, CA
$101,250 median income
Rico, CO
$101,250 median income
Presque Isle Harbor, MI
$101,250 median income

Race & Ethnicity Composition

Race and ethnicity - Lake Carroll, IL Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Lake Carroll, IL - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 99.3% ETHNICITY, Hispanic or Latino (any race) 0.0% White 99.3% Black or African American 0.4% Asian 0.0% American Indian 0.0% Native Hawaiian 0.0% Some other race 0.0% Two or more races 0.3% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Lake Carroll compares to nearby Illinois cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Lake Carroll (this city) 763 $101,250
Elizabeth 764 $47,500
Ridgway 764 $42,404
Tiskilwa 762 $60,750
Census ACS 5-year FIPS IL OMB Bulletin 23-01

What do people ask about Lake Carroll, IL?

What is the population of Lake Carroll, IL? +

Lake Carroll, IL has a population of 763 according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in Lake Carroll, IL? +

Median annual household income in Lake Carroll runs $101,250, based on Census ACS 2023 data.

What is the cost of living in Lake Carroll? +

BEA does not publish a city-level cost-of-living figure for Lake Carroll; the closest available measure is the Illinois state average, a cost of living index of 100.0 (U.S. average = 100), rated "Near Average" based on BEA Regional Price Parities 2024 data. Costs within Illinois vary by metro area.

What is the median home value in Lake Carroll, IL? +

Homes in Lake Carroll carry a median value of $317,900, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.