Median Income
$113,897
household / year
Median Home Value
$315,600
owner-occupied
Median Rent
N/A
gross / month
Cost of Living
90
national avg = 100

Is Lake Petersburg, IL a Good Place to Live?

Lake Petersburg is a small town of 763 in Illinois, with a median household income of $113,897 and a 2.3% unemployment rate. Its cost of living index is 90 (US average = 100), which is 10% below the national average.

Strengths: Lake Petersburg stands out for an affordable cost of living, solid school ratings (A), a well-educated population.

Trade-offs: Potential downsides include longer commutes. Whether Lake Petersburg is right for you depends on your priorities — the full breakdown is below.

All Lake Petersburg city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 90.5

Lake Petersburg's overall cost of living index is 90.5, where 100 represents the US national average. Living in Lake Petersburg costs roughly 10% less than the average American city.

Metric Lake Petersburg, IL National Avg
Median Home Value $315,600 $244,900
Median Monthly Rent N/A $1,163
Homeownership Rate 98.1% 65.9%
Median Household Income $113,897 $74,755

Crime & Safety

Crime data for Lake Petersburg is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Lake Petersburg is served primarily by Porta CUSD 202. The student-to-teacher ratio is 12.6:1 (better than the national average of ~16:1).

Metric Lake Petersburg, IL National Avg
School District Porta CUSD 202 —
Elementary Schools 2 —
Middle Schools N/A —
High Schools 1 —
Student/Teacher Ratio 12.6:1 16:1
Bachelor's Degree or Higher 39.2% 35.4%
High School Diploma or Higher 98.6% 91.1%

Weather & Climate

Lake Petersburg sees average highs of 34.4°F in January and 85.5°F in July, with 36.5 inches of annual precipitation and 18.4 inches of snow per year.

MetricLake Petersburg, IL
Average High — January34.4°F
Average High — July85.5°F
Annual Precipitation36.5"
Annual Snowfall18.4"

Demographics

MetricLake Petersburg, ILNational Avg
Population763—
Median Age59.538.9
Unemployment Rate2.3%3.7%
Avg Commute Time34.5 min26 min
White (non-Hispanic)93.6%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.0%18.9%
Asian2.2%6.3%
Under 1813.4%22.2%
65 and over36.7%16.8%

Nearby Cities

ZIP Codes in Lake Petersburg

Lake Petersburg, IL is covered by 1 ZIP code:

Lake Petersburg vs Other Cities

Frequently Asked Questions

Lake Petersburg's cost of living index is 90, where 100 is the national average. That makes Lake Petersburg roughly 10% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $315,600 and median rent is N/A/month.
Crime data for Lake Petersburg is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Lake Petersburg are operated by Porta CUSD 202. The district has 2 elementary, several middle, and 1 high schools. The student-to-teacher ratio is 12.6:1. 39.2% of adults 25+ hold a bachelor's degree or higher.
Lake Petersburg, IL has a population of 763, a median household income of $113,897, and an unemployment rate of 2.3%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lake Petersburg averages 34.4°F in January and 85.5°F in July. Annual rainfall is 36.5 inches with about 18.4 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Lake Petersburg, IL is covered by 1 ZIP code: 62675.
The population of Lake Petersburg, Illinois is 763 with a median age of 59.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lake Petersburg: cost of living index 90 (100 = US average), median home $315,600, median household income $113,897, schools rated A. Whether these are benefits or drawbacks depends on where you're coming from — compare Lake Petersburg side by side with your current city to see the trade-offs.