| Index | Lake in the Hills | Illinois | National |
| Cost of living | 111 | 98 | 100 |
| Groceries | 99 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 137 | 95 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 101 | 99 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 102 | 100 | 100 |
Getting a feel for the cost of living in Lake in the Hills is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Lake in the Hills is 111, which is 11% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs are a very significant part of the Lake in the Hills cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 36.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Wondering if Lake in the Hills is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Lake in the Hills, for example, the median home price is 27.9% higher than what folks pay nationally, and monthly rent is 57.1% higher than the usual rates. Plus, income levels matter too, with Lake in the Hills boasting a median household income of $143,912, which is 76.9% higher than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Lake in the Hills, healthcare costs are 1.3% higher than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Lake in the Hills, the general sales tax rate starts at 6.25%, and income tax rates begin at 4.95%.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Lake in the Hills, the groceries index registers 0.9% lower than the national average.
The Lake in the Hills cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $159,199 | $13,267 | $3,714 | $4,776 |
| Renters | $94,758 | $7,897 | $2,211 | $2,843 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Round Lake Park, IL | 8,005 | 95 | 5.3% |
| Marengo, IL | 8,096 | 97 | 3.1% |
| McCullom Lake, IL | 1,222 | 97 | 2.5% |
| Union, IL | 699 | 99 | 1.2% |
| Round Lake Beach, IL | 28,313 | 98 | 1.7% |
| Lake in the Hills, IL | 29,485 | 111 | 11.2% |
| City | Population | Cost of Living Index | National Avg. |
| Jacksonville, AR | 29,495 | 89 | 11.0% |
| Mehlville, MO | 29,470 | 94 | 5.7% |
| East Haven, CT | 29,456 | 114 | 14.2% |
| Burbank, IL | 29,451 | 105 | 4.7% |
| Bella Vista, AR | 29,519 | 95 | 4.8% |
| Lake in the Hills, IL | 29,485 | 111 | 11.2% |
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