Cost of Living in Long Lake, IL
Population 3,219 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Long Lake can reasonably expect a home to cost less than three years of household income — $185,000 against $100,824 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. Unemployment has stayed elevated relative to the national figure — 15.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 25 miles northeast of Elgin, Long Lake falls within that metro's commuting orbit. Median home values run roughly 27% lower than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Long Lake
The median home value in Long Lake is $185,400 — 39% below the national median of $305,000. Median rent runs $1,529/month, 16% higher than the national median of $1,314/month. The median household income of $100,824/year is 35% higher than the US median of $74,580. The local unemployment rate is 15.8%, 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, Long Lake has a cost of living index of 83 versus the US average of 100, meaning it is 17% less expensive.
Long 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Long Lake, IL?
Long Lake has a cost index of 83 (100 = national average). It is 17% below the national average.
What is average rent in Long Lake, IL?
The median gross rent in Long Lake is $1,529 per month based on 2023 Census data.
What is the average home price in Long Lake?
The median home value in Long Lake is $185,400 according to Zillow and Census data.
What is the median income in Long Lake?
The median household income in Long Lake is $100,824 per year (2023 ACS 5-year estimates).
What is the sales tax in Long Lake, IL?
The combined state and local sales tax rate in Long Lake is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Long Lake, IL affordable?
Yes, Long Lake is generally considered affordable, with a cost of living index of 83 — about 17% below the US national average of 100.
Long Lake at a Glance
- Population
- 3,219
- Median Income
- $100,824
- Home Value
- $185,400
- Median Rent
- $1,529/mo
- Unemployment
- 15.8%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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