Cost of Living in Round Lake Beach, IL
Population 27,081 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Round Lake Beach can reasonably expect a home to cost less than three years of household income — $191,000 against $86,632 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. At 7.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 25 miles northeast of Elgin, Round Lake Beach falls within that metro's commuting orbit. Median home values run roughly 24% lower than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Round Lake Beach
The median home value in Round Lake Beach is $191,200 — 37% below the national median of $305,000. Median rent runs $1,382/month, 5% higher than the national median of $1,314/month. The median household income of $86,632/year is 16% higher than the US median of $74,580. The local unemployment rate is 7.5%, 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, Round Lake Beach has a cost of living index of 80 versus the US average of 100, meaning it is 20% less 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 Round Lake Beach, IL?
Round Lake Beach has a cost index of 80 (100 = national average). It is 20% below the national average.
What is average rent in Round Lake Beach, IL?
The median gross rent in Round Lake Beach is $1,382 per month based on 2023 Census data.
What is the average home price in Round Lake Beach?
The median home value in Round Lake Beach is $191,200 according to Zillow and Census data.
What is the median income in Round Lake Beach?
The median household income in Round Lake Beach is $86,632 per year (2023 ACS 5-year estimates).
What is the sales tax in Round Lake Beach, IL?
The combined state and local sales tax rate in Round Lake Beach is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Round Lake Beach, IL affordable?
Yes, Round Lake Beach is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.
Round Lake Beach at a Glance
- Population
- 27,081
- Median Income
- $86,632
- Home Value
- $191,200
- Median Rent
- $1,382/mo
- Unemployment
- 7.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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