Lake County, IL
Comprehensive housing, income, and cost of living data for Lake County, Illinois. Population: 713.2K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Lake County, IL?
The median home price in Lake County, Illinois is $361.3K. The price-to-income ratio is 3.3x, meaning the median home costs 3.3 times the median household income.
What salary do you need to buy a home in Lake County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $116.0K per year to buy the median home in Lake County, IL. Monthly housing costs break down to $1,827 for mortgage, $729 for property tax, and $151 for insurance.
What is the property tax rate in Lake County?
The effective property tax rate in Lake County is 2.42%, which comes to approximately $8,743 per year on the median home.
What is the median household income in Lake County?
The median household income in Lake County, Illinois is $108.9K per year, based on Census Bureau American Community Survey data. The unemployment rate is 4.7%%.
Is Lake County a good place to live?
Lake County, Illinois has a population of 713.2K. Housing affordability is strong with a price-to-income ratio of 3.3x. The climate averages 49 degrees F with 172 sunny days per year. Compare Lake County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.