Cost of Living in Channel Lake, IL

Get 300+ Local Insights for Any Address in Channel Lake, IL

Get Access to 300+ Local Data Points
A+
1%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
6%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Channel Lake Illinois National
Cost of living10198100
Groceries100100100
Health care101100100
Housing10695100
Transportation98101100
Utilities9999100
Lifestyle & Entertainment97100100
Household Items100100100
Education & Childcare98100100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Channel Lake, IL

property for sale

26590 W Catalpa Rd

Antioch, IL
property for sale

42471 N Woodbine Ave

Antioch, IL
property for sale

26198 W Spring Grove Rd

Antioch, IL
property for sale

26175 Illinois 173

Antioch, IL

Cost Of Living Quick Facts

  • The cost of living in Channel Lake is 3% higher than the Illinois average
  • The cost of living in Channel Lake is 1% higher than the national average
  • Channel Lake housing is 6% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Channel Lake

See all the best places to live around Channel Lake

Compare Channel Lake, IL Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Channel Lake?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Channel Lake?
      Write a review to give others more information about this area.
      See all Channel Lake poll results

      The best places in Illinois

      Here are the best places to live in IllinoisMost Dangerous States In The USSafest States In The USSee the best places to live in Channel Lake
      Best Places in Illinois

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$89,592$7,466$2,090$2,688
      Renters$56,231$4,686$1,312$1,687

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Park City, IL7,8948218.2%
      Lake Ivanhoe, WI408945.7%
      North Chicago, IL30,865955.0%
      Round Lake Park, IL8,005955.3%
      Waukegan, IL90,063964.1%
      Channel Lake, IL1,8331011.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Douglass, KS1,8338416.2%
      Gordon, NE1,8338217.6%
      Red Boiling Springs, TN1,8338614.3%
      Scotland Neck, NC1,8328019.6%
      Rogue River, OR1,8341011.5%
      Channel Lake, IL1,8331011.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026