Lake Summerset, IL
Full City Profile · Illinois · Winnebago County County
Lake Summerset, IL
At a Glance
How Lake Summerset Compares to the U.S. Average
Each bar shows Lake Summerset's value as a percentage of the national average (100% = U.S. avg)
Is Lake Summerset a Good Place to Live?
Economy & Jobs
Lake Summerset residents earn a median household income of $105,588 , which is 41% above the national average of $75,149. Per capita income is $43,625. The unemployment rate stands at 9.6% (167% above the U.S. rate of 3.6%). 4.3% of residents live below the poverty line. The area is home to 5,870 business establishments, including 623 restaurants.
Housing & Cost of Living
The median home value in Lake Summerset is $226,700 , 20% below the national median of $281,900. Zillow estimates the typical home at $259,436. Median rent is $1,206/month, with 36.9% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1991.
Education
29.5% of adults in Lake Summerset hold a bachelor's degree or higher (12% below the national average). 95.9% have completed high school. Local schools score 4.7/10 in standardized testing.
Climate & Weather
Lake Summerset has an average annual temperature of 47°F (8°C). Winters average 19°F in January while summers reach 72°F in July. Annual precipitation totals 38.9 inches. Air quality is rated Good with a median AQI of 43.