Lake County, IL Cost of Living


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How much do I need to live in Lake, Illinois?
$4,740 / month
for a family, 12.2% less expensive than the national average A total of $56,880 for the year for a family.
$4,200 / month
for a single person, 11.9% less expensive than the national average A total of $50,400 for the year for a single person.

Lake cost of living score
97
Less expensive
3.0% lower
than the US average
3.5% higher
than the Illinois average
Lake Illin County, Illinois gets a BestPlaces Cost of Living score of 97, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 3.0% lower than the U.S. average and 3.5% lower than the average for Illinois.

Lake County, IL

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLakeIllinoisUnited States
    Unlock93.7100.0
  98.3  Unlock100.0
    Unlock96.9100.0
  93.0  Unlock100.0
    Unlock$241,700$338,100
  95.0  Unlock100.0
    Unlock106.2100.0
  140.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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