Round Lake Beach, IL Cost Of Living
Cost Of Living In Round Lake Beach, IL Summary
Cost of living in Round Lake Beach 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 Round Lake Beach 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 Round Lake Beach is 100, with 100 being the average.
The cost of living index in Round Lake Beach is 1.0x lower than the national average.
Round Lake Beach ranks as the #146 cheapest in Illinois out of 336.
Round Lake Beach ranks as the #2,621 cheapest out of 6,489 in the US.
The median home value in Round Lake Beach is $245,114.
The median income in Round Lake Beach is $86,632.
Table Of Contents
Round Lake Beach's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Round Lake Beach, IL?
According to the most recent data on the cost of living, Round Lake Beach has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Illinois, Round Lake Beach has a cost of living index that's 1.0x higher than Illinois's index of 97.
The standard of living in Round Lake Beach ranks as #146 most affordable out of the 336 places we measured in Illinois. By definition, that implies Round Lake Beach ranks as the #190 most expensive place in the Prairie State.
For more reading on life in Round Lake Beach, check out:
In Illinois
In America
Round Lake Beach Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Round Lake Beach. Here is how it fairs on each of the criteria:
The Services index in Round Lake Beach is 105.
The Groceries index in Round Lake Beach is 103.
The Health index in Round Lake Beach is 107.
The Housing index in Round Lake Beach is 94.
The Transportation index in Round Lake Beach is 106.
The Utilities index in Round Lake Beach is 91.
| Living Expense | Round Lake Beach | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 100 | 97 | 100 | |
| Services | 105 | 95 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 107 | 93 | 100 | |
| Housing | 94 | 95 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 91 | 91 | 100 | |
Round Lake Beach, 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 Round Lake Beach is $245,114.
The Median Rent in Round Lake Beach is $1,382.
The Median Income in Round Lake Beach is $86,632.
The Home Value To Income in Round Lake Beach is 2.8x.
The Rent To Monthly Income in Round Lake Beach is 0.19x.
| Statistic | Round Lake Beach | Illinois | United States |
|---|---|---|---|
| Median Home Value | $245,114 | $283,508 | $303,400 |
| Median Rent | $1,382 | $1,227 | $1,348 |
| Median Income | $86,632 | $81,702 | $78,538 |
| Home Value To Income | 2.8x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Round Lake Beach, IL Costs By Category
Detailed Round Lake Beach Services Costs Vs. Illinois
| Item | Round Lake Beach | 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 Round Lake Beach Groceries Costs Vs. Illinois
| Item | Round Lake Beach | 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 Round Lake Beach Health Costs Vs. Illinois
| Item | Round Lake Beach | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Round Lake Beach Transportation Costs Vs. Illinois
| Item | Round Lake Beach | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Round Lake Beach Utilities Costs Vs. Illinois
| Item | Round Lake Beach | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Round Lake Beach SnackAbility
/10
Cost Of Living In Cities Around Round Lake Beach
The cost of living varies in the cities and towns around Round Lake Beach. 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 125, 1.2x Round Lake Beach.
Highland Park, IL has a cost of living index of 148, 1.5x Round Lake Beach.
Vernon Hills, IL has a cost of living index of 125, 1.2x Round Lake Beach.
| City | Population | Cost Of Living | Vs. Round Lake Beach |
|---|---|---|---|
| Buffalo Grove, IL | 42,824 | 125 | 1.2x |
| Highland Park, IL | 30,229 | 148 | 1.5x |
| Vernon Hills, IL | 26,772 | 125 | 1.2x |
| Libertyville, IL | 20,493 | 135 | 1.4x |
| Lake Zurich, IL | 19,727 | 127 | 1.3x |
| Deerfield, IL | 19,185 | 148 | 1.5x |
| Round Lake, IL | 18,588 | 109 | 1.1x |
| Lindenhurst, IL | 14,365 | 114 | 1.1x |
| Hawthorn Woods, IL | 9,145 | 167 | 1.7x |
| Lake Villa, IL | 8,707 | 114 | 1.1x |
