Lakemoor, IL Cost Of Living
Cost Of Living In Lakemoor, IL Summary
Cost of living in Lakemoor 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 Lakemoor 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 Lakemoor is 111, with 100 being the average.
The cost of living index in Lakemoor is 1.1x higher than the national average.
Lakemoor ranks as the #221 cheapest in Illinois out of 336.
Lakemoor ranks as the #3,765 cheapest out of 6,489 in the US.
The median home value in Lakemoor is $282,771.
The median income in Lakemoor is $96,929.
Table Of Contents
Lakemoor's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lakemoor, IL?
According to the most recent data on the cost of living, Lakemoor has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Illinois, Lakemoor has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Lakemoor ranks as #221 most affordable out of the 336 places we measured in Illinois. By definition, that implies Lakemoor ranks as the #115 most expensive place in the Prairie State.
For more reading on life in Lakemoor, check out:
In Illinois
In America
Lakemoor Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lakemoor. Here is how it fairs on each of the criteria:
The Services index in Lakemoor is 108.
The Groceries index in Lakemoor is 105.
The Health index in Lakemoor is 107.
The Housing index in Lakemoor is 118.
The Transportation index in Lakemoor is 106.
The Utilities index in Lakemoor is 91.
| Living Expense | Lakemoor | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 111 | 97 | 100 | |
| Services | 108 | 95 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 107 | 93 | 100 | |
| Housing | 118 | 95 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 91 | 91 | 100 | |
Lakemoor, 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 Lakemoor is $282,771.
The Median Rent in Lakemoor is $1,711.
The Median Income in Lakemoor is $96,929.
The Home Value To Income in Lakemoor is 2.9x.
The Rent To Monthly Income in Lakemoor is 0.21x.
Median Home Value
Median Rent
Median Income
Lakemoor, IL Costs By Category
Detailed Lakemoor Services Costs Vs. Illinois
Detailed Lakemoor Groceries Costs Vs. Illinois
Detailed Lakemoor Health Costs Vs. Illinois
Detailed Lakemoor Transportation Costs Vs. Illinois
Detailed Lakemoor Utilities Costs Vs. Illinois
Lakemoor SnackAbility
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Cost Of Living In Cities Around Lakemoor
The cost of living varies in the cities and towns around Lakemoor. Here's a quick look at the cost of living in the most populous nearby places:
Hoffman Estates, IL has a cost of living index of 118, 1.1x Lakemoor.
Buffalo Grove, IL has a cost of living index of 125, 1.1x Lakemoor.
McHenry, IL has a cost of living index of 101, 0.9x Lakemoor.
| City | Population | Cost Of Living | Vs. Lakemoor |
|---|---|---|---|
| Hoffman Estates, IL | 51,186 | 118 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 1.1x |
| McHenry, IL | 27,774 | 101 | 0.9x |
| Vernon Hills, IL | 26,772 | 125 | 1.1x |
| Libertyville, IL | 20,493 | 135 | 1.2x |
| Lake Zurich, IL | 19,727 | 127 | 1.1x |
| Round Lake, IL | 18,588 | 109 | 1.0x |
| Lindenhurst, IL | 14,365 | 114 | 1.0x |
| Hawthorn Woods, IL | 9,145 | 167 | 1.5x |
| Long Grove, IL | 8,266 | 178 | 1.6x |
