Twin Lakes, WI Cost Of Living
Cost Of Living In Twin Lakes, WI Summary
Cost of living in Twin Lakes 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 Twin Lakes is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, 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 Twin Lakes is 104, with 100 being the average.
The cost of living index in Twin Lakes is 1.0x higher than the national average.
Twin Lakes ranks as the #94 cheapest in Wisconsin out of 146.
Twin Lakes ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in Twin Lakes is $381,269.
The median income in Twin Lakes is $85,800.
Table Of Contents
Twin Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Twin Lakes, WI?
According to the most recent data on the cost of living, Twin Lakes has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Wisconsin, Twin Lakes has a cost of living index that's 1.1x higher than Wisconsin's index of 95.
The standard of living in Twin Lakes ranks as #94 most affordable out of the 146 places we measured in Wisconsin. By definition, that implies Twin Lakes ranks as the #52 most expensive place in the Badger State.
For more reading on life in Twin Lakes, check out:
In Wisconsin
In America
Twin Lakes Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Twin Lakes. Here is how it fairs on each of the criteria:
The Services index in Twin Lakes is 100.
The Groceries index in Twin Lakes is 105.
The Health index in Twin Lakes is 111.
The Housing index in Twin Lakes is 113.
The Transportation index in Twin Lakes is 101.
The Utilities index in Twin Lakes is 106.
| Living Expense | Twin Lakes | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 104 | 95 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 105 | 100 | 100 | |
| Health | 111 | 111 | 100 | |
| Housing | 113 | 88 | 100 | |
| Transportation | 101 | 100 | 100 | |
| Utilities | 106 | 102 | 100 | |
Twin Lakes, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, 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 Twin Lakes is $381,269.
The Median Rent in Twin Lakes is $1,034.
The Median Income in Twin Lakes is $85,800.
The Home Value To Income in Twin Lakes is 4.4x.
The Rent To Monthly Income in Twin Lakes is 0.14x.
| Statistic | Twin Lakes | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $381,269 | $328,216 | $303,400 |
| Median Rent | $1,034 | $1,045 | $1,348 |
| Median Income | $85,800 | $75,670 | $78,538 |
| Home Value To Income | 4.4x | 4.3x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Twin Lakes, WI Costs By Category
Detailed Twin Lakes Services Costs Vs. Wisconsin
| Item | Twin Lakes | Wisconsin |
|---|---|---|
| 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 Twin Lakes Groceries Costs Vs. Wisconsin
| Item | Twin Lakes | Wisconsin |
|---|---|---|
| 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 Twin Lakes Health Costs Vs. Wisconsin
| Item | Twin Lakes | Wisconsin |
|---|---|---|
| Optometrist | $278.65 | $125.68 |
| Doctor | $223.73 | $135.78 |
| Dentist | $106.79 | $113.29 |
Detailed Twin Lakes Transportation Costs Vs. Wisconsin
| Item | Twin Lakes | Wisconsin |
|---|---|---|
| Gasoline | $3.3 | $3.46 |
| Tire Balancing | $44.14 | $59.92 |
Detailed Twin Lakes Utilities Costs Vs. Wisconsin
| Item | Twin Lakes | Wisconsin |
|---|---|---|
| All Electricity | $182.69 | $193.99 |
| Phone | $185.79 | $192.25 |
Twin Lakes SnackAbility
/10
Cost Of Living In Cities Around Twin Lakes
The cost of living varies in the cities and towns around Twin Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Gurnee, IL has a cost of living index of 117, 1.1x Twin Lakes.
Grayslake, IL has a cost of living index of 113, 1.1x Twin Lakes.
Round Lake, IL has a cost of living index of 109, 1.0x Twin Lakes.
| City | Population | Cost Of Living | Vs. Twin Lakes |
|---|---|---|---|
| Gurnee, IL | 30,486 | 117 | 1.1x |
| Grayslake, IL | 20,707 | 113 | 1.1x |
| Round Lake, IL | 18,588 | 109 | 1.0x |
| Antioch, IL | 14,751 | 109 | 1.0x |
| Lindenhurst, IL | 14,365 | 114 | 1.1x |
| Wauconda, IL | 14,010 | 110 | 1.1x |
| Gages Lake, IL | 10,706 | 113 | 1.1x |
| Lake Villa, IL | 8,707 | 114 | 1.1x |
| Spring Grove, IL | 5,866 | 125 | 1.2x |
| Grandwood Park, IL | 5,311 | 113 | 1.1x |
