Housing costs in Lake in the Hills?
A typical home costs
$306,700, which is 9.3% less expensive than the national average of
$338,100 and 26.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lake in the Hills costs
$1,800 per month, which is 42.9% more than the national average of
$1,260 and 22.2% more than the state average of
$1,400.
Can I afford Lake in the Hills?
To live comfortably in Lake in the Hills (zip 60156), Illinois, a minimum annual income of
$58,680 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Lake in the Hills?
Living in 60156 Lake in the Hills, IL has an average cost of living that is slightly higher than the national average. According to BestPlaces, the cost of living index is 97, which is 3 points higher than the US average of 94. The median home value is $247,675, and rent averages around $1,465 per month. Taxes are on the lower side with an effective property tax rate of 2.12%. Grocery costs and utilities are also slightly above average for this area; however, healthcare expenses are lower than the national average. Transportation costs are very reasonable as well. All in all, 60156 Lake in the Hills offers a higher cost of living than some other areas but still keeps it affordable for many people.