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 113, which is 1.1x higher than the national index of 100.
Compared to Illinois, Lake Villa has a cost of living index that's 1.2x higher than Illinois's index of 98.
The standard of living in Lake Villa ranks as #246 most affordable out of the 336 places we measured in Illinois. By definition, that implies Lake Villa ranks as the #90 most expensive place in the Prairie State.
For more reading on life in Lake Villa, check out:
Lake Villa Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lake Villa. Here is how it fares on each of the criteria:
The Services index in Lake Villa is 100.
The Groceries index in Lake Villa is 102.
The Health index in Lake Villa is 142.
The Housing index in Lake Villa is 97.
The Transportation index in Lake Villa is 100.
The Utilities index in Lake Villa is 98.
| Living Expense | Lake Villa | Illinois | National Average |
|---|---|---|---|
| Overall | 113 | 98 | 100 |
| Services | 100 | 99 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 142 | 96 | 100 |
| Housing | 97 | 101 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 98 | 101 | 100 |
Lake Villa 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 Villa Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
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 2020-2024. The key points are:
The Median Home Value in Lake Villa is $370,653.
The Median Rent in Lake Villa is $1,533.
The Median Income in Lake Villa is $118,750.
The Home Value To Income in Lake Villa is 3.1x.
The Rent To Monthly Income in Lake Villa is 0.15x.
| Statistic | Lake Villa | Illinois | United States |
|---|---|---|---|
| Median Home Value | $370,653 | $285,735 | $332,700 |
| Median Rent | $1,533 | $1,274 | $1,413 |
| Median Income | $118,750 | $83,390 | $80,734 |
| Home Value To Income | 3.1x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.21x |
Lake Villa, IL Costs By Category
Detailed Lake Villa Services costs vs. Illinois
| Item | Lake Villa | Illinois |
|---|---|---|
| Shampoo | $1.07 | $1.28 |
| Movie | $10.26 | $12.13 |
| Bowling | $10.03 | $18 |
| Haircut | $20.21 | $24.26 |
| Beauty Salon | $33.25 | $45.56 |
Detailed Lake Villa Groceries costs vs. Illinois
| Item | Lake Villa | Illinois |
|---|---|---|
| Ground Beef | $6.05 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $4.1 | $4.93 |
| Pizza | $11.33 | $12.09 |
| Beer | $8.52 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Lake Villa Health costs vs. Illinois
| Item | Lake Villa | Illinois |
|---|---|---|
| Optometrist | $278.65 | $125.68 |
| Doctor | $223.73 | $135.78 |
| Dentist | $106.79 | $113.29 |
Detailed Lake Villa Transportation costs vs. Illinois
| Item | Lake Villa | Illinois |
|---|---|---|
| Gasoline | $3.3 | $3.46 |
| Tire Balancing | $44.14 | $59.92 |
Detailed Lake Villa Utilities costs vs. Illinois
| Item | Lake Villa | Illinois |
|---|---|---|
| All Electricity | $182.69 | $193.99 |
| Phone | $185.79 | $192.25 |
Lake Villa SnackAbility
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 126, 1.1x Lake Villa.
Round Lake Beach, IL has a cost of living index of 100, 0.9x Lake Villa.
Vernon Hills, IL has a cost of living index of 126, 1.1x Lake Villa.
| City | Population | Cost Of Living | Vs. Lake Villa |
|---|---|---|---|
| Buffalo Grove, IL | 42,891 | 126 | 1.1x |
| Round Lake Beach, IL | 27,079 | 100 | 0.9x |
| Vernon Hills, IL | 26,876 | 126 | 1.1x |
| Libertyville, IL | 20,525 | 133 | 1.2x |
| Lake Zurich, IL | 19,832 | 122 | 1.1x |
| Antioch, IL | 14,859 | 107 | 0.9x |
| Lindenhurst, IL | 14,417 | 110 | 1.0x |
| Fox Lake, IL | 11,131 | 100 | 0.9x |
| Hawthorn Woods, IL | 9,143 | 167 | 1.5x |
| Long Grove, IL | 8,305 | 182 | 1.6x |
