Cost of Living in Lake Holiday, IL
Population 5,402 · Illinois · Data vintage 2023
(100 = US avg)
Lake Holiday 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. At 6.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 20 miles west of Aurora, Lake Holiday falls within that metro's commuting orbit. Median home values run roughly 10% lower than Aurora's $260,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Holiday
The median home value in Lake Holiday is $235,300 — 23% below the national median of $305,000. Median rent runs $1,859/month, 41% higher than the national median of $1,314/month. The median household income of $112,250/year is 51% higher than the US median of $74,580. The local unemployment rate is 6.5%, 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, Lake Holiday has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.
Lake Holiday 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 Lake Holiday, IL?
Lake Holiday has a cost index of 103 (100 = national average). It is 3% above the national average.
What is average rent in Lake Holiday, IL?
The median gross rent in Lake Holiday is $1,859 per month based on 2023 Census data.
What is the average home price in Lake Holiday?
The median home value in Lake Holiday is $235,300 according to 2023 Census ACS data.
What is the median income in Lake Holiday?
The median household income in Lake Holiday is $112,250 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Holiday, IL?
The combined state and local sales tax rate in Lake Holiday is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Lake Holiday, IL affordable?
Lake Holiday is near the national average in terms of cost of living, with an index of 103 (100 = US average).
Lake Holiday at a Glance
- Population
- 5,402
- Median Income
- $112,250
- Home Value
- $235,300
- Median Rent
- $1,859/mo
- Unemployment
- 6.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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