Cost of Living in Lake Zurich, IL
Population 19,727 · Illinois · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Lake Zurich a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $418,000.
Lake Zurich sits roughly 15 miles northeast of Elgin — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 66% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Zurich
The median home value in Lake Zurich is $418,300 — 37% above the national median of $305,000. Median rent runs $1,782/month, 36% higher than the national median of $1,314/month. The median household income of $139,959/year is 88% higher than the US median of $74,580. The local unemployment rate is 3.3%, 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, Lake Zurich has a cost of living index of 137 versus the US average of 100, meaning it is 37% 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 Lake Zurich, IL?
Lake Zurich has a cost index of 137 (100 = national average). It is 37% above the national average.
What is average rent in Lake Zurich, IL?
The median gross rent in Lake Zurich is $1,782 per month based on 2023 Census data.
What is the average home price in Lake Zurich?
The median home value in Lake Zurich is $418,300 according to Zillow and Census data.
What is the median income in Lake Zurich?
The median household income in Lake Zurich is $139,959 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Zurich, IL?
The combined state and local sales tax rate in Lake Zurich is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Lake Zurich, IL affordable?
Lake Zurich is above average in cost of living, with an index of 137 — about 37% higher than the national average.
Lake Zurich at a Glance
- Population
- 19,727
- Median Income
- $139,959
- Home Value
- $418,300
- Median Rent
- $1,782/mo
- Unemployment
- 3.3%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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