Cost of Living in Candlewick Lake, IL
Population 5,459 · Illinois · Data vintage 2023
(100 = US avg)
Housing costs in Candlewick Lake stay well under national norms: a median home value of $169,000 against median household incomes of $94,820 gives the city one of the more comfortable price-to-income ratios in Illinois.
Geographically, Candlewick Lake sits roughly 12 miles northeast of Rockford. Median home values run roughly 40% higher than Rockford's $121,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Candlewick Lake
The median home value in Candlewick Lake is $169,200 — 45% below the national median of $305,000. Median rent runs $1,539/month, 17% higher than the national median of $1,314/month. The median household income of $94,820/year is 27% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Candlewick Lake has a cost of living index of 80 versus the US average of 100, meaning it is 20% less expensive.
Candlewick Lake has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Candlewick Lake, IL?
Candlewick Lake has a cost index of 80 (100 = national average). It is 20% below the national average.
What is average rent in Candlewick Lake, IL?
The median gross rent in Candlewick Lake is $1,539 per month based on 2023 Census data.
What is the average home price in Candlewick Lake?
The median home value in Candlewick Lake is $169,200 according to 2023 Census ACS data.
What is the median income in Candlewick Lake?
The median household income in Candlewick Lake is $94,820 per year (2023 ACS 5-year estimates).
What is the sales tax in Candlewick Lake, IL?
The combined state and local sales tax rate in Candlewick Lake is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Candlewick Lake, IL affordable?
Yes, Candlewick Lake is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.
Candlewick Lake at a Glance
- Population
- 5,459
- Median Income
- $94,820
- Home Value
- $169,200
- Median Rent
- $1,539/mo
- Unemployment
- 4.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs