Lake Zurich, IL Cost Of Living
Cost Of Living In Lake Zurich, IL Summary
Cost of living in Lake Zurich research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake Zurich is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lake Zurich is 125, with 100 being the average.
The cost of living index in Lake Zurich is 1.2x higher than the national average.
Lake Zurich ranks as the #301 cheapest in Illinois out of 338.
Lake Zurich ranks as the #5,043 cheapest out of 6,412 in the US.
The median home value in Lake Zurich is $351,600.
The median income in Lake Zurich is $118,139.
Table Of Contents
Lake Zurich's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Zurich, IL?
According to the most recent data on the cost of living, Lake Zurich has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Illinois, Lake Zurich has a cost of living index that's 1.4x higher than Illinois's index of 92.
The standard of living in Lake Zurich ranks as #301 most affordable out of the 338 places we measured in Illinois. By definition, that implies Lake Zurich ranks as the #37 most expensive place in the Prairie State.
For more reading on life in Lake Zurich, check out:
- Living In Lake Zurich
- Lake Zurich Crime Report
- Search Homes For Sale In Lake Zurich, IL
In Illinois
In America
Lake Zurich Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lake Zurich. Here is how it fairs on each of the criteria:
The Services index in Lake Zurich is 113.
The Groceries index in Lake Zurich is 107.
The Health index in Lake Zurich is 99.
The Housing index in Lake Zurich is 161.
The Transportation index in Lake Zurich is 116.
The Utilities index in Lake Zurich is 94.
| Living Expense | Lake Zurich | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 125 | 92 | 100 | |
| Services | 113 | 95 | 100 | |
| Groceries | 107 | 98 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 161 | 81 | 100 | |
| Transportation | 116 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Lake Zurich, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lake Zurich is $351,600.
The Median Rent in Lake Zurich is $1,673.
The Median Income in Lake Zurich is $118,139.
The Home Value To Income in Lake Zurich is 3.0x.
The Rent To Monthly Income in Lake Zurich is 0.17x.
| Statistic | Lake Zurich | Illinois | United States |
|---|---|---|---|
| Median Home Value | $351,600 | $212,600 | $244,900 |
| Median Rent | $1,673 | $1,097 | $1,163 |
| Median Income | $118,139 | $72,563 | $69,021 |
| Home Value To Income | 3.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Zurich, IL Costs By Category
Detailed Lake Zurich Services Costs Vs. Illinois
| Item | Lake Zurich | Illinois |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $14.85 | $10.68 |
| Bowling | $15.76 | $14.67 |
| Haircut | $27.76 | $18.62 |
| Beauty Salon | $65.57 | $39.05 |
Detailed Lake Zurich Groceries Costs Vs. Illinois
| Item | Lake Zurich | Illinois |
|---|---|---|
| Ground Beef | $4.87 | $4.22 |
| Fried Chicken | $1.99 | $1.39 |
| Milk | $2.42 | $2.05 |
| Potatoes | $3.23 | $3.29 |
| Pizza | $12.0 | $10.62 |
| Beer | $8.61 | $9.38 |
| Toothpaste | $2.46 | $2.34 |
Detailed Lake Zurich Health Costs Vs. Illinois
| Item | Lake Zurich | Illinois |
|---|---|---|
| Optometrist | $96.76 | $108.57 |
| Doctor | $104.96 | $116.17 |
| Dentist | $101.82 | $99.13 |
Detailed Lake Zurich Transportation Costs Vs. Illinois
| Item | Lake Zurich | Illinois |
|---|---|---|
| Gasoline | $2.51 | $2.22 |
| Tire Balancing | $56.85 | $50.07 |
Detailed Lake Zurich Utilities Costs Vs. Illinois
| Item | Lake Zurich | Illinois |
|---|---|---|
| All Electricity | $131.89 | $167.67 |
| Phone | $203.16 | $175.64 |
Lake Zurich SnackAbility
/10
Cost Of Living In Cities Around Lake Zurich
The cost of living varies in the cities and towns around Lake Zurich. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 1.0x Lake Zurich.
Glenview, IL has a cost of living index of 147, 1.2x Lake Zurich.
Buffalo Grove, IL has a cost of living index of 121, 1.0x Lake Zurich.
| City | Population | Cost Of Living | Vs. Lake Zurich |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 1.0x |
| Glenview, IL | 48,150 | 147 | 1.2x |
| Buffalo Grove, IL | 43,062 | 121 | 1.0x |
| Bartlett, IL | 41,126 | 117 | 0.9x |
| Park Ridge, IL | 39,562 | 131 | 1.0x |
| Northbrook, IL | 35,108 | 156 | 1.2x |
| Highland Park, IL | 30,245 | 152 | 1.2x |
| Deerfield, IL | 19,228 | 150 | 1.2x |
| Barrington, IL | 11,174 | 144 | 1.2x |
| Hawthorn Woods, IL | 8,959 | 168 | 1.3x |
