Third Lake cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexThird LakeIllinoisNational
Cost of living index12699100
IndexThird LakeIllinoisNational
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index17199100
Transportation index11297100
Utilities index104101100

Did you know?

  • The cost of living in Third Lake is 27% higher than the Illinois average.
  • The cost of living in Third Lake is 26% higher than the national average.
  • The cost of housing in Third Lake is 71% higher than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Compare Third Lake, IL Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$119,792$9,983$2,795$3,594
Renters$74,063$6,172$1,728$2,222

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%

Goods & Services

ItemThird LakeNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%

Groceries

ItemThird LakeNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemThird LakeNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%

Housing

ItemThird LakeNational avg.Difference
Home Price $265,000.00$175,700.0050.8%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemThird LakeNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemThird LakeNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Park City, IL7,55185-15%
Waukegan, IL88,67199-1%
North Chicago, IL30,76099-1%
Zion, IL24,29299-1%
Kenosha, WI99,70995-5%
Third Lake, IL1,37012626%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ridgely, MD1,3701033%
Interlachen, FL1,37081-19%
Hackberry, TX1,3701099%
Joanna, SC1,36984-16%
Buttonwillow, CA1,37195-5%
Third Lake, IL1,37012626%
Source: The Third Lake, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.