Cost of Living in Wonder Lake, IL
Population 4,141 · Illinois · Data vintage 2023
(100 = US avg)
Wonder Lake 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. Unemployment has stayed elevated relative to the national figure — 6.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 25 miles north of Elgin, Wonder Lake falls within that metro's commuting orbit. Housing prices track closely with Elgin's $252,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Wonder Lake
The median home value in Wonder Lake is $242,300 — 21% below the national median of $305,000. Median rent runs $1,577/month, 20% higher than the national median of $1,314/month. The median household income of $102,829/year is 38% higher than the US median of $74,580. The local unemployment rate is 6.0%, 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, Wonder Lake has a cost of living index of 96 versus the US average of 100, meaning it is 4% less expensive.
Wonder 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 Wonder Lake, IL?
Wonder Lake has a cost index of 96 (100 = national average). It is 4% below the national average.
What is average rent in Wonder Lake, IL?
The median gross rent in Wonder Lake is $1,577 per month based on 2023 Census data.
What is the average home price in Wonder Lake?
The median home value in Wonder Lake is $242,300 according to Zillow and Census data.
What is the median income in Wonder Lake?
The median household income in Wonder Lake is $102,829 per year (2023 ACS 5-year estimates).
What is the sales tax in Wonder Lake, IL?
The combined state and local sales tax rate in Wonder Lake is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Wonder Lake, IL affordable?
Wonder Lake is near the national average in terms of cost of living, with an index of 96 (100 = US average).
Wonder Lake at a Glance
- Population
- 4,141
- Median Income
- $102,829
- Home Value
- $242,300
- Median Rent
- $1,577/mo
- Unemployment
- 6.0%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs