Round Lake, IL Cost Of Living
Cost Of Living In Round Lake, IL Summary
Cost of living in Round Lake 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 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 is 109, with 100 being the average.
The cost of living index in Round Lake is 1.1x higher than the national average.
Round Lake ranks as the #208 cheapest in Illinois out of 336.
Round Lake ranks as the #3,556 cheapest out of 6,489 in the US.
The median home value in Round Lake is $317,942.
The median income in Round Lake is $108,965.
Table Of Contents
Round Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Round Lake, IL?
According to the most recent data on the cost of living, Round Lake has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Illinois, Round Lake has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Round Lake ranks as #208 most affordable out of the 336 places we measured in Illinois. By definition, that implies Round Lake ranks as the #128 most expensive place in the Prairie State.
For more reading on life in Round Lake, check out:
In Illinois
In America
Round Lake Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Round Lake. Here is how it fairs on each of the criteria:
The Services index in Round Lake is 105.
The Groceries index in Round Lake is 106.
The Health index in Round Lake is 110.
The Housing index in Round Lake is 117.
The Transportation index in Round Lake is 107.
The Utilities index in Round Lake is 90.
| Living Expense | Round Lake | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 109 | 97 | 100 | |
| Services | 105 | 95 | 100 | |
| Groceries | 106 | 99 | 100 | |
| Health | 110 | 93 | 100 | |
| Housing | 117 | 95 | 100 | |
| Transportation | 107 | 102 | 100 | |
| Utilities | 90 | 91 | 100 | |
Round Lake, 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 is $317,942.
The Median Rent in Round Lake is $1,494.
The Median Income in Round Lake is $108,965.
The Home Value To Income in Round Lake is 2.9x.
The Rent To Monthly Income in Round Lake is 0.16x.
| Statistic | Round Lake | Illinois | United States |
|---|---|---|---|
| Median Home Value | $317,942 | $283,508 | $303,400 |
| Median Rent | $1,494 | $1,227 | $1,348 |
| Median Income | $108,965 | $81,702 | $78,538 |
| Home Value To Income | 2.9x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Round Lake, IL Costs By Category
Detailed Round Lake Services Costs Vs. Illinois
| Item | Round Lake | 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 Groceries Costs Vs. Illinois
| Item | Round Lake | 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 Health Costs Vs. Illinois
| Item | Round Lake | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Round Lake Transportation Costs Vs. Illinois
| Item | Round Lake | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Round Lake Utilities Costs Vs. Illinois
| Item | Round Lake | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Round Lake SnackAbility
/10
Cost Of Living In Cities Around Round Lake
The cost of living varies in the cities and towns around Round Lake. 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, 1.1x Round Lake.
Buffalo Grove, IL has a cost of living index of 125, 1.1x Round Lake.
Highland Park, IL has a cost of living index of 148, 1.4x Round Lake.
| City | Population | Cost Of Living | Vs. Round Lake |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 1.1x |
| Highland Park, IL | 30,229 | 148 | 1.4x |
| Round Lake Beach, IL | 27,081 | 100 | 0.9x |
| Vernon Hills, IL | 26,772 | 125 | 1.1x |
| Grayslake, IL | 20,707 | 113 | 1.0x |
| Lake Zurich, IL | 19,727 | 127 | 1.2x |
| Deerfield, IL | 19,185 | 148 | 1.4x |
| Lindenhurst, IL | 14,365 | 114 | 1.0x |
| Wauconda, IL | 14,010 | 110 | 1.0x |
