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Lanark, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.6x is exceptionally low

During the 2020–2024 ACS period, Lanark, Illinois had a total population of 1,541, the 574th largest city in Illinois, with a median household income of $59,375, which is 29% lower than the state average. The poverty rate is 12.7%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Lanark Quick Facts

Population 1,541
Median Household Income $59,375
Median Home Value $96,600
Poverty Rate 12.7%
Unemployment Rate 2.3%
Median Age 38.4 years
Homeownership Rate 78.6%
Affordability Ratio 1.6x
Bachelor's Degree or Higher 14.5%
High School Graduation Rate 95.9%
Diversity Index 12/100
Population 1,541 574th of 1,445
Median Income $59,375 below average
Poverty Rate 12.7% 2% higher than national
Median Home Value $96,600 below average

How Lanark Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,5101,541+2.1%
Median household income$66,250$59,375-10.4%
Median home value$97,100$96,600-0.5%

How Lanark Compares

Economy & Housing

Household Income Distribution

Under $25K 13.1%
$25K-$50K 29.5%
$50K-$100K 25.4%
$100K+ 32.0%
Detailed income brackets
Under $10K
4.7%
$10K-$15K
2.0%
$15K-$20K
1.1%
$20K-$25K
5.3%
$25K-$30K
4.8%
$30K-$35K
5.6%
$35K-$40K
10.3%
$40K-$45K
4.8%
$45K-$50K
4.0%
$50K-$60K
7.8%
$60K-$75K
6.7%
$75K-$100K
10.8%
$100K-$125K
8.4%
$125K-$150K
11.8%
$150K-$200K
8.7%
$200K+
3.1%

Employment

2.3% Unemployment Rate State: 5.8%|National: 5.2%
70.5% Labor Force Participation

Housing Overview

Owner 78.6%
Renter 21.4%
Affordability Index Very Affordable
1.6x home value to income ratio
Median gross rent $819/mo 16.6% of median household income annually

People & Demographics

Diversity Index

12out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 61 | National average: 61

Education

Lanark Rankings in Illinois

#574 Population of 1,445
#936 Median Income of 1,374
#906 Education of 1,444
#915 Home Value of 1,372

Other Cities in Carroll County

CityPopulationMedian IncomePovertyHome Value
Savanna 2,816 $48,036 18.6% $72,400
Thomson 1,757 $61,250 21.3% $117,000
Mount Carroll 1,501 $58,500 14.1% $86,600
Milledgeville 1,218 $59,417 11.3% $94,200
Lake Carroll 853 $108,750 5.5% $348,500
Shannon 772 $58,929 9.7% $115,100
Chadwick 591 $78,688 3.4% $85,700

Cities Similar to Lanark

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Virginia1,543$59,375$93,10016.9%12.8%
De Pue1,532$58,417$59,30015.1%14.6%
Warsaw1,518$58,750$96,10019.3%11.8%
Wyoming1,578$60,238$109,50020.7%11.8%
Mount Carroll1,501$58,500$86,60021.5%14.1%

Population Overview

Lanark is a small community located in Illinois, within Carroll County. The total population is 1,541. It ranks as the 574th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Lanark is 38.4 years. This is 2% lower than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Lanark is $59,375. This is 29% lower than the state median of $83,390. It is also 26% lower than the national median of $80,734. The poverty rate stands at 12.7%. This is 7% higher than the state poverty rate of 11.8%. The unemployment rate is 2.3%. This is 60% lower than the state rate of 5.8%. The median home value is $96,600. Housing costs are 63% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.6x, Lanark is one of the most affordable housing markets in the area. 78.6% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 67.1%.

Race & Ethnicity

Lanark has a predominantly White (non-Hispanic) population, comprising 93.5% of all residents. Hispanic or Latino residents account for 4.3%. The White (non-Hispanic) population is significantly higher than the state average (93.5% vs 58.1%). The Black or African American population (0.1%) is well below the state average of 13.3%. The Hispanic or Latino population (4.3%) is well below the state average of 18.8%.

Education

14.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 62% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.9%.

Data Sources & Methodology

All demographic data for Lanark, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Lanark, Illinois?

Lanark, Illinois has a population of 1,541 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lanark, IL?

The median household income in Lanark is $59,375, which is 26% lower than the national median of $80,734.

What is the poverty rate in Lanark, IL?

The poverty rate in Lanark is 12.7%. This means approximately 195 residents live below the federal poverty line.

What is the racial makeup of Lanark, Illinois?

Lanark's population is 93.5% White, 0.1% Black, 4.3% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Lanark, IL?

The median home value in Lanark is $96,600. The home-value-to-income ratio is 1.6x.

How educated is Lanark, Illinois?

14.5% of adults (25+) in Lanark hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.