Cost of Living in Forest Lake, IL

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D
21%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
70%
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 Forest Lake Illinois National
Cost of living12198100
Groceries98100100
Health care98100100
Housing17095100
Transportation102101100
Utilities9999100
Lifestyle & Entertainment101100100
Household Items100100100
Education & Childcare103100100
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Homes For Sale In Forest Lake, IL

property for sale

23576 N Overhill Dr

Lake Zurich, IL
property for sale

23515 N Overhill Dr

Lake Zurich, IL
property for sale

23725 N Field Rd

Lake Zurich, IL

Cost Of Living Quick Facts

  • The cost of living in Forest Lake is 23% higher than the Illinois average
  • The cost of living in Forest Lake is 21% higher than the national average
  • Forest Lake housing is 70% 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 Forest Lake

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Compare Forest Lake, IL Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$143,380$11,948$3,345$4,302
      Renters$0$0$0$0

      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%
      North Chicago, IL30,865955.0%
      Round Lake Park, IL8,005955.3%
      Waukegan, IL90,063964.1%
      McCullom Lake, IL1,222972.5%
      Forest Lake, IL1,34112120.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tennessee Ridge, TN1,3418614.1%
      Jamaica Beach, TX1,3411088.1%
      Sainte-Barbe, QC1,341n/a 
      Westhaven-Moonstone, CA1,34014948.7%
      Lapwai, ID1,340909.7%
      Forest Lake, IL1,34112120.9%
      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.
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