Housing costs in Third Lake?
A typical home costs
$335,900, which is 0.7% less expensive than the national average of
$338,100 and 39.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Third 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 Third Lake?
To live comfortably in Third Lake, Illinois, a minimum annual income of
$64,440 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Third Lake?
The cost of living in Third Lake, IL is very reasonable. The median home value is $212,900 which is slightly below the average for the state of Illinois and a little below the national average. Additionally, the median household income in Third Lake is $88,912 which is well above both state and national averages. As for taxes, property taxes are quite reasonable at an effective rate of only 1.9% while sales tax rates are slightly higher than most other towns in the area at 8%. While groceries and utilities can be slightly more expensive in comparison to nearby towns, overall the cost of living in Third Lake is very manageable and affordable.