Lake Villa, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lake Villa, IL Summary

Cost of living in Lake Villa 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 Villa 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 Villa is 103, with 100 being the average.

  • The cost of living index in Lake Villa is 1.0x higher than the national average.

  • Lake Villa ranks as the #186 cheapest in Illinois out of 338.

  • Lake Villa ranks as the #3,487 cheapest out of 6,412 in the US.

  • The median home value in Lake Villa is $279,400.

  • The median income in Lake Villa is $115,598.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
103
Lake Villa's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Lake Villa, IL?

According to the most recent data on the cost of living, Lake Villa has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.

Compared to Illinois, Lake Villa has a cost of living index that's 1.1x higher than Illinois's index of 92.

The standard of living in Lake Villa ranks as #186 most affordable out of the 338 places we measured in Illinois. By definition, that implies Lake Villa ranks as the #152 most expensive place in the Prairie State.

For more reading on life in Lake Villa, check out:

186 out of 338
In Illinois
3,487 out of 6,412
In America

Lake Villa Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Lake Villa. Here is how it fairs on each of the criteria:

  • The Services index in Lake Villa is 94.

  • The Groceries index in Lake Villa is 95.

  • The Health index in Lake Villa is 113.

  • The Housing index in Lake Villa is 119.

  • The Transportation index in Lake Villa is 93.

  • The Utilities index in Lake Villa is 94.

Living Expense Lake Villa Illinois National Average
Overall 103 92 100
Services 94 95 100
Groceries 95 98 100
Health 113 96 100
Housing 119 81 100
Transportation 93 105 100
Utilities 94 90 100
For more reading on cost of living around Illinois, check out:
Lake Villa Cost of Living Vs. IL

Lake Villa, 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 2017-2021. The key points are:

  • The Median Home Value in Lake Villa is $279,400.

  • The Median Rent in Lake Villa is $1,227.

  • The Median Income in Lake Villa is $115,598.

  • The Home Value To Income in Lake Villa is 2.4x.

  • The Rent To Monthly Income in Lake Villa is 0.13x.

Statistic Lake Villa Illinois United States
Median Home Value $279,400 $212,600 $244,900
Median Rent $1,227 $1,097 $1,163
Median Income $115,598 $72,563 $69,021
Home Value To Income 2.4x 2.9x 3.5x
Rent To Monthly Income 0.13x 0.18x 0.2x
Search Homes For Sale In Lake Villa, IL
$279,400
Median Home Value
$1,227
Median Rent
$115,598
Median Income

Lake Villa, IL Costs By Category

Detailed Lake Villa Services Costs Vs. Illinois

Item Lake Villa Illinois
Shampoo $1.09 $1.06
Movie $11.14 $10.68
Bowling $16.27 $14.67
Haircut $22.22 $18.62
Beauty Salon $41.93 $39.05

Detailed Lake Villa Groceries Costs Vs. Illinois

Item Lake Villa Illinois
Ground Beef $4.05 $4.22
Fried Chicken $1.22 $1.39
Milk $1.98 $2.05
Potatoes $2.49 $3.29
Pizza $10.35 $10.62
Beer $7.84 $9.38
Toothpaste $2.24 $2.34

Detailed Lake Villa Health Costs Vs. Illinois

Item Lake Villa Illinois
Optometrist $60.0 $108.57
Doctor $175.4 $116.17
Dentist $101.1 $99.13

Detailed Lake Villa Transportation Costs Vs. Illinois

Item Lake Villa Illinois
Gasoline $2.01 $2.22
Tire Balancing $47.04 $50.07

Detailed Lake Villa Utilities Costs Vs. Illinois

Item Lake Villa Illinois
All Electricity $159.26 $167.67
Phone $178.69 $175.64

Lake Villa SnackAbility

9
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
8.5
Diversity
8
Safety
9
Amenities
8
Education
9
Commute
4

Cost Of Living In Cities Around Lake Villa

The cost of living varies in the cities and towns around Lake Villa. Here's a quick look at the cost of living in the most populous nearby places:

  • Buffalo Grove, IL has a cost of living index of 121, 1.2x Lake Villa.

  • Round Lake Beach, IL has a cost of living index of 99, 1.0x Lake Villa.

  • Vernon Hills, IL has a cost of living index of 126, 1.2x Lake Villa.

City Population Cost Of Living Vs. Lake Villa
Buffalo Grove, IL 43,062 121 1.2x
Round Lake Beach, IL 27,412 99 1.0x
Vernon Hills, IL 26,723 126 1.2x
Libertyville, IL 20,616 134 1.3x
Lake Zurich, IL 19,807 125 1.2x
Antioch, IL 14,705 98 1.0x
Lindenhurst, IL 14,453 113 1.1x
Fox Lake, IL 10,945 99 1.0x
Hawthorn Woods, IL 8,959 168 1.6x
Long Grove, IL 8,258 170 1.7x

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