Lake in the Hills, IL Cost Of Living
Cost Of Living In Lake in the Hills, IL Summary
Cost of living in Lake in the Hills research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake in the Hills is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lake in the Hills is 104, with 100 being the average.
The cost of living index in Lake in the Hills is 1.0x higher than the national average.
Lake in the Hills ranks as the #177 cheapest in Illinois out of 336.
Lake in the Hills ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in Lake in the Hills is $368,344.
The median income in Lake in the Hills is $113,491.
Table Of Contents
Lake in the Hills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake in the Hills, IL?
According to the most recent data on the cost of living, Lake in the Hills has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Illinois, Lake in the Hills has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Lake in the Hills ranks as #177 most affordable out of the 336 places we measured in Illinois. By definition, that implies Lake in the Hills ranks as the #159 most expensive place in the Prairie State.
For more reading on life in Lake in the Hills, check out:
In Illinois
In America
Lake in the Hills Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lake in the Hills. Here is how it fairs on each of the criteria:
The Services index in Lake in the Hills is 90.
The Groceries index in Lake in the Hills is 98.
The Health index in Lake in the Hills is 99.
The Housing index in Lake in the Hills is 135.
The Transportation index in Lake in the Hills is 112.
The Utilities index in Lake in the Hills is 85.
| Living Expense | Lake in the Hills | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 104 | 97 | 100 | |
| Services | 90 | 95 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 99 | 93 | 100 | |
| Housing | 135 | 95 | 100 | |
| Transportation | 112 | 102 | 100 | |
| Utilities | 85 | 91 | 100 | |
Lake in the Hills, 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 2019-2023. The key points are:
The Median Home Value in Lake in the Hills is $368,344.
The Median Rent in Lake in the Hills is $1,634.
The Median Income in Lake in the Hills is $113,491.
The Home Value To Income in Lake in the Hills is 3.2x.
The Rent To Monthly Income in Lake in the Hills is 0.17x.
| Statistic | Lake in the Hills | Illinois | United States |
|---|---|---|---|
| Median Home Value | $368,344 | $283,508 | $303,400 |
| Median Rent | $1,634 | $1,227 | $1,348 |
| Median Income | $113,491 | $81,702 | $78,538 |
| Home Value To Income | 3.2x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake in the Hills, IL Costs By Category
Detailed Lake in the Hills Services Costs Vs. Illinois
| Item | Lake in the Hills | Illinois |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $12.73 | $12.13 |
| Bowling | $12.67 | $18 |
| Haircut | $19.94 | $24.26 |
| Beauty Salon | $36.22 | $45.56 |
Detailed Lake in the Hills Groceries Costs Vs. Illinois
| Item | Lake in the Hills | Illinois |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.82 | $4.93 |
| Pizza | $10.99 | $12.09 |
| Beer | $9.56 | $10.41 |
| Toothpaste | $3.58 | $3.7 |
Detailed Lake in the Hills Health Costs Vs. Illinois
| Item | Lake in the Hills | Illinois |
|---|---|---|
| Optometrist | $79.67 | $125.68 |
| Doctor | $158.33 | $135.78 |
| Dentist | $110.16 | $113.29 |
Detailed Lake in the Hills Transportation Costs Vs. Illinois
| Item | Lake in the Hills | Illinois |
|---|---|---|
| Gasoline | $3.69 | $3.46 |
| Tire Balancing | $70.28 | $59.92 |
Detailed Lake in the Hills Utilities Costs Vs. Illinois
| Item | Lake in the Hills | Illinois |
|---|---|---|
| All Electricity | $147.39 | $193.99 |
| Phone | $198.03 | $192.25 |
Lake In The Hills SnackAbility
/10
Cost Of Living In Cities Around Lake in the Hills
The cost of living varies in the cities and towns around Lake in the Hills. 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 124, 1.2x Lake in the Hills.
Palatine, IL has a cost of living index of 116, 1.1x Lake in the Hills.
Hoffman Estates, IL has a cost of living index of 118, 1.1x Lake in the Hills.
| City | Population | Cost Of Living | Vs. Lake in the Hills |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 1.2x |
| Palatine, IL | 66,548 | 116 | 1.1x |
| Hoffman Estates, IL | 51,186 | 118 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 1.2x |
| Bartlett, IL | 40,531 | 122 | 1.2x |
| Crystal Lake, IL | 40,436 | 104 | 1.0x |
| Carpentersville, IL | 37,544 | 105 | 1.0x |
| Algonquin, IL | 29,904 | 110 | 1.1x |
| Vernon Hills, IL | 26,772 | 125 | 1.2x |
| Libertyville, IL | 20,493 | 135 | 1.3x |
