Housing costs in Gages Lake?
A typical home costs
$249,300, which is 26.3% less expensive than the national average of
$338,100 and 3.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Gages Lake costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 19.7% more than the state average of
$1,260.
Can I afford Gages Lake?
To live comfortably in Gages Lake, Illinois, a minimum annual income of
$47,880 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Gages Lake?
The cost of living in Gages Lake, IL is quite affordable. Housing costs are reasonable and the median home value is around $146,000. Other expenses such as food, transportation, and utilities remain below the national average. Additionally, Gages Lake residents enjoy taxes that are lower than those of other neighboring towns and cities. All these factors help make Gages Lake an attractive place to live for individuals and families of all sizes.