What is the cost of living in Lake Barrington, IL?
According to the most recent data on the cost of living, Lake Barrington has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Illinois, Lake Barrington has a cost of living index that's 1.3x higher than Illinois's index of 98.
The standard of living in Lake Barrington ranks as #297 most affordable out of the 336 places we measured in Illinois. By definition, that implies Lake Barrington ranks as the #39 most expensive place in the Prairie State.
For more reading on life in Lake Barrington, check out:
Lake Barrington Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lake Barrington. Here is how it fares on each of the criteria:
The Services index in Lake Barrington is 99.
The Groceries index in Lake Barrington is 102.
The Health index in Lake Barrington is 189.
The Housing index in Lake Barrington is 104.
The Transportation index in Lake Barrington is 102.
The Utilities index in Lake Barrington is 98.
| Living Expense | Lake Barrington | Illinois | National Average |
|---|---|---|---|
| Overall | 126 | 98 | 100 |
| Services | 99 | 99 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 189 | 96 | 100 |
| Housing | 104 | 101 | 100 |
| Transportation | 102 | 99 | 100 |
| Utilities | 98 | 101 | 100 |
Lake Barrington 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 Lake Barrington Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lake Barrington, 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 Lake Barrington is $534,062.
The Median Rent in Lake Barrington is $3,501.
The Median Income in Lake Barrington is $141,958.
The Home Value To Income in Lake Barrington is 3.8x.
The Rent To Monthly Income in Lake Barrington is 0.3x.
| Statistic | Lake Barrington | Illinois | United States |
|---|---|---|---|
| Median Home Value | $534,062 | $285,735 | $332,700 |
| Median Rent | $3,501 | $1,274 | $1,413 |
| Median Income | $141,958 | $83,390 | $80,734 |
| Home Value To Income | 3.8x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.3x | 0.18x | 0.21x |
Lake Barrington, IL Costs By Category
Detailed Lake Barrington Services costs vs. Illinois
| Item | Lake Barrington | 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 Lake Barrington Groceries costs vs. Illinois
| Item | Lake Barrington | 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 Lake Barrington Health costs vs. Illinois
| Item | Lake Barrington | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Lake Barrington Transportation costs vs. Illinois
| Item | Lake Barrington | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Lake Barrington Utilities costs vs. Illinois
| Item | Lake Barrington | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Lake Barrington SnackAbility
Cost Of Living In Cities Around Lake Barrington
The cost of living varies in the cities and towns around Lake Barrington. 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, 1.0x Lake Barrington.
Glenview, IL has a cost of living index of 146, 1.2x Lake Barrington.
Buffalo Grove, IL has a cost of living index of 126, 1.0x Lake Barrington.
| City | Population | Cost Of Living | Vs. Lake Barrington |
|---|---|---|---|
| Arlington Heights, IL | 76,005 | 125 | 1.0x |
| Glenview, IL | 47,752 | 146 | 1.2x |
| Buffalo Grove, IL | 42,891 | 126 | 1.0x |
| Bartlett, IL | 40,501 | 119 | 0.9x |
| Northbrook, IL | 34,585 | 151 | 1.2x |
| Highland Park, IL | 30,398 | 144 | 1.1x |
| Lake Zurich, IL | 19,832 | 122 | 1.0x |
| Deerfield, IL | 19,518 | 148 | 1.2x |
| Cary, IL | 17,923 | 109 | 0.9x |
| Wauconda, IL | 14,027 | 106 | 0.8x |
