Housing costs in Lake?
A typical home costs
$296,900, which is 12.2% less expensive than the national average of
$338,100 and 22.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lake costs
$1,440 per month, which is 0.7% more than the national average of
$1,430 and 12.5% more than the state average of
$1,260.
Can I afford Lake?
To live comfortably in Lake Illin County, Illinois, a minimum annual income of
$56,880 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Lake?
The cost of living in Lake, IL County is 97, which is 3 points lower than the US average of 100. This indicates that living in Lake County can be slightly more affordable when compared to other places in the US. The median value for a house in Lake County is also significantly lower than the national average of $338,100, coming in at just $296,900. This makes it a great place to live for those looking for an affordable housing market and cost of living.