Cost of Living in Grayslake, IL
Population 20,707 · Illinois · Data vintage 2023
(100 = US avg)
Grayslake sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 25 miles northeast of Elgin, Grayslake falls within that metro's commuting orbit. Median home values run roughly 16% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Grayslake
The median home value in Grayslake is $293,900 — 4% below the national median of $305,000. Median rent runs $1,434/month, 9% higher than the national median of $1,314/month. The median household income of $113,697/year is 52% higher than the US median of $74,580. The local unemployment rate is 5.7%, above 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, Grayslake has a cost of living index of 101 versus the US average of 100, meaning it is 1% more expensive.
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Grayslake, IL?
Grayslake has a cost index of 101 (100 = national average). It is 1% above the national average.
What is average rent in Grayslake, IL?
The median gross rent in Grayslake is $1,434 per month based on 2023 Census data.
What is the average home price in Grayslake?
The median home value in Grayslake is $293,900 according to Zillow and Census data.
What is the median income in Grayslake?
The median household income in Grayslake is $113,697 per year (2023 ACS 5-year estimates).
What is the sales tax in Grayslake, IL?
The combined state and local sales tax rate in Grayslake is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Grayslake, IL affordable?
Grayslake is near the national average in terms of cost of living, with an index of 101 (100 = US average).
Grayslake at a Glance
- Population
- 20,707
- Median Income
- $113,697
- Home Value
- $293,900
- Median Rent
- $1,434/mo
- Unemployment
- 5.7%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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