Cost of Living in Lake Villa, IL

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

Get Access to 300+ Local Data Points
C+
11%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
42%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Lake Villa Illinois National
Cost of living11198100
Goods & Services9798100
Groceries101100100
Health care101102100
Housing14295100
Transportation101102100
Utilities9398100
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 Lake Villa, IL

property for sale

21702 W Edgewood Ave

Lake Villa, IL
property for sale

25097 W Buena Ave

Lake Villa, IL
property for sale

1055 E Grand Ave

Lindenhurst, IL
property for sale

37211 N Sistina Ave

Lake Villa, IL

Cost Of Living Quick Facts

  • The cost of living in Lake Villa is 13% higher than the Illinois average
  • The cost of living in Lake Villa is 11% higher than the national average
  • Lake Villa housing is 42% 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 Lake Villa

See all the best places to live around Lake Villa

Compare Lake Villa, IL Cost of Living

City Image
    City Default Image
      vs
      Compare Neighborhoods & Addresses Local Insights Report

      Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.

      Local Insights Report
      How would you rate the cost of living in Lake Villa?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Lake Villa?
      Write a review to give others more information about this area.
      See all Lake Villa poll results

      The best places in Illinois

      Here are the best places to live in IllinoisCheck out the 10 safest cities in IllinoisSee the best places to live in Lake VillaThese are the 10 cheapest cities in Illinois
      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
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$206,961$17,247$4,829$6,209
      Renters$76,427$6,369$1,783$2,293
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lake Villa, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lake Villa homeowners, is $206,961. This would allow for a maximum of $4,829 per month to be spent on housing costs. For renters, the median monthly income is $76,427 which would result in a maximum of $1,783 to be spent on rental costs.

      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%

      Goods & Services

      Item Lake Villa National avg. Difference
      Haircut $29.76$27.627.8%
      Beauty Salon $44.52$51.1112.9%
      Toothpaste $4.15$4.091.4%
      Shampoo $1.37$1.5411.2%
      Movie $14.28$12.8810.9%
      Yoga $19.35$19.661.6%

      Groceries

      Item Lake Villa National avg. Difference
      Ground Beef $7.87$7.702.1%
      Fried Chicken $1.54$1.667.4%
      Milk $4.70$4.730.7%
      Potatoes $5.10$5.263.0%
      Pizza $14.03$12.769.9%
      Beer $9.38$10.5511.1%

      Health Care

      Item Lake Villa National avg. Difference
      Optometrist $80.23$140.0642.7%
      Doctor $188.84$153.8222.8%
      Dentist $118.87$123.153.5%
      Ibuprofen $12.06$11.732.8%
      Lipitor $20.95$23.6111.3%

      Housing

      Item Lake Villa National avg. Difference
      Home Price $488,809.00$326,622.0049.7%
      Avg. Mortgage Payment $2,747.52$2,480.2510.8%
      Apartment Rent $1,794.00$1,444.0024.2%

      Transportation

      Item Lake Villa National avg. Difference
      Gasoline $2.90$3.065.0%
      Tire Balancing $74.93$65.2114.9%

      Utilities

      Item Lake Villa National avg. Difference
      All Electricity $199.66$220.129.3%
      Phone $189.13$195.713.4%
      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 Population Cost of Living Index National Avg.
      Park City, IL7,8948614.4%
      Lake Ivanhoe, WI408927.6%
      North Chicago, IL30,865981.5%
      Round Lake Park, IL8,005991.0%
      Waukegan, IL90,0631000.2%
      Lake Villa, IL8,90711110.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Edgemere, MD8,90612020.0%
      Kirby, TX8,908909.8%
      Ladue, MO8,90319797.1%
      Coaticook, QC8,901n/a 
      Chatham, NJ8,91318281.7%
      Lake Villa, IL8,90711110.9%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026