What is the cost of living in Gages Lake, IL?
According to the most recent data on the cost of living, Gages Lake has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Illinois, Gages Lake has a cost of living index that's 1.1x higher than Illinois's index of 98.
The standard of living in Gages Lake ranks as #230 most affordable out of the 336 places we measured in Illinois. By definition, that implies Gages Lake ranks as the #106 most expensive place in the Prairie State.
For more reading on life in Gages Lake, check out:
Gages Lake Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Gages Lake. Here is how it fares on each of the criteria:
The Services index in Gages Lake is 100.
The Groceries index in Gages Lake is 102.
The Health index in Gages Lake is 141.
The Housing index in Gages Lake is 99.
The Transportation index in Gages Lake is 97.
The Utilities index in Gages Lake is 96.
| Living Expense | Gages Lake | Illinois | National Average |
|---|---|---|---|
| Overall | 111 | 98 | 100 |
| Services | 100 | 99 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 141 | 96 | 100 |
| Housing | 99 | 101 | 100 |
| Transportation | 97 | 99 | 100 |
| Utilities | 96 | 101 | 100 |
Gages Lake Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Gages Lake Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Gages Lake, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Gages Lake is $327,547.
The Median Rent in Gages Lake is $1,693.
The Median Income in Gages Lake is $103,318.
The Home Value To Income in Gages Lake is 3.2x.
The Rent To Monthly Income in Gages Lake is 0.2x.
| Statistic | Gages Lake | Illinois | United States |
|---|---|---|---|
| Median Home Value | $327,547 | $285,735 | $332,700 |
| Median Rent | $1,693 | $1,274 | $1,413 |
| Median Income | $103,318 | $83,390 | $80,734 |
| Home Value To Income | 3.2x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Gages Lake, IL Costs By Category
Detailed Gages Lake Services costs vs. Illinois
| Item | Gages Lake | Illinois |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $17.91 | $12.13 |
| Bowling | $24.58 | $18 |
| Haircut | $33.69 | $24.26 |
| Beauty Salon | $53.44 | $45.56 |
Detailed Gages Lake Groceries costs vs. Illinois
| Item | Gages Lake | Illinois |
|---|---|---|
| Ground Beef | $5.28 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.87 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.41 | $12.09 |
| Beer | $10.0 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Gages Lake Health costs vs. Illinois
| Item | Gages Lake | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Gages Lake Transportation costs vs. Illinois
| Item | Gages Lake | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Gages Lake Utilities costs vs. Illinois
| Item | Gages Lake | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Gages Lake SnackAbility
Cost Of Living In Cities Around Gages Lake
The cost of living varies in the cities and towns around Gages Lake. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 1.1x Gages Lake.
Buffalo Grove, IL has a cost of living index of 126, 1.1x Gages Lake.
Northbrook, IL has a cost of living index of 151, 1.4x Gages Lake.
| City | Population | Cost Of Living | Vs. Gages Lake |
|---|---|---|---|
| Arlington Heights, IL | 76,005 | 125 | 1.1x |
| Buffalo Grove, IL | 42,891 | 126 | 1.1x |
| Northbrook, IL | 34,585 | 151 | 1.4x |
| Gurnee, IL | 30,510 | 111 | 1.0x |
| Highland Park, IL | 30,398 | 144 | 1.3x |
| Grayslake, IL | 20,929 | 106 | 1.0x |
| Libertyville, IL | 20,525 | 133 | 1.2x |
| Lake Zurich, IL | 19,832 | 122 | 1.1x |
| Deerfield, IL | 19,518 | 148 | 1.3x |
| Lindenhurst, IL | 14,417 | 110 | 1.0x |
