The labor force participation rate in Mount Carroll is 61.6%, with an unemployment rate of 5.5%. For all those in the work force, the typical commute time is 25.8 minutes. 7.5% of Mount Carroll’s residents have a graduate degree, and 16.3% have earned a bachelors degree. For those without a college degree, 32.1% attended at least some college, 37.2% have a high school diploma, and only 7% have received an education less than twelfth grade. 3.3% are not covered by health insurance.
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The average household size in Mount Carroll, IL is 2.8 household members, with 79.1% owning their very own dwellings. The average home cost is $87256. For people leasing, they spend on average $588 monthly. 56.4% of families have two sources of income, and a typical domestic income of $56413. Median individual income is $30464. 9.6% of inhabitants are living at or beneath the poverty line, and 12% are handicapped. 11.2% of residents of the town are ex-members for the armed forces of the United States.