Housing costs in Fox Lake?
A typical home costs
$217,500, which is 35.7% less expensive than the national average of
$338,100 and 10.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Fox Lake costs
$1,310 per month, which is 4.0% more than the national average of
$1,260 and 6.9% cheaper than the state average of
$1,400.
Can I afford Fox Lake?
To live comfortably in Fox Lake (zip 60020), Illinois, a minimum annual income of
$41,760 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Fox Lake?
The cost of living in 60020 Fox Lake, IL is quite reasonable compared to other cities. As of 2021, the median home value in 60020 Fox Lake, IL is around $161,000. Meanwhile, the median household income is roughly $75,200. The overall cost of living index is near 97.5 which is below the national average of 100. With lower-than-average housing costs and low taxes, residents of 60020 Fox Lake are able to enjoy a relatively affordable lifestyle. Groceries such as meat and dairy products are also priced well below the national average at just 90.7%. Other utilities like electricity and gas are also affordable with a cost index of 93.3%. All in all, Fox Lake provides a great balance between quality of life and affordability for its citizens.