Cost of Living in Lake Carroll, IL
Population: 763 | Illinois
Lake Carroll is 0% less expensive than the national average.
Cost of Living in Lake Carroll, IL: What You Need to Know
With a cost of living index of 100, Lake Carroll, IL is right around the national average in cost. Living here is 0% cheaper than the national average and 20% above the Illinois state average of 80. Lake Carroll is a small community of 763 residents.
The median household income in Lake Carroll is $101,250, which is 35% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Lake Carroll. The area sees an average annual temperature of 49.4°F, with summers averaging 72°F and winters around 25°F. Annual rainfall totals 37.2 inches spread over roughly 121 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $101,250
- vs US Median ($75,149)
- +35%
Housing
- Median Home Value
- $317,900
- Median Monthly Housing Cost
- $1,304/mo
Climate in Lake Carroll
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 29 | 33 | 47 | 60 | 71 | 81 | 84 | 82 | 75 | 62 | 47 | 34 |
| Avg °F | 22 | 26 | 37 | 49 | 60 | 70 | 74 | 72 | 64 | 52 | 39 | 27 |
| Low °F | 15 | 18 | 28 | 39 | 50 | 60 | 64 | 62 | 54 | 42 | 31 | 20 |
| Rain" | 1.6 | 1.6 | 2.4 | 3.8 | 4.2 | 5.2 | 3.8 | 4.2 | 3.6 | 2.6 | 2.3 | 1.9 |