Lake County, IL

Comprehensive housing, income, and cost of living data for Lake County, Illinois. Population: 713.2K.

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Median Home Price

$361.3K

Based on 26 cities

Median Household Income

$108.9K

Annual household income

Price-to-Income Ratio

3.3x

Moderately affordable

Salary Needed to Buy

$116.0K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$8,743

Average annual amount

Effective Tax Rate

2.42%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,827

Property Tax$729

Insurance$151

Total Monthly$2,706

Historical Home Prices

2015

$225.5K

2016

$231.7K

+2.7%%

2017

$238.8K

+3.1%%

2018

$241.3K

+1.0%%

2019

$242.9K

+0.7%%

2020

$256.6K

+5.6%%

2021

$286.5K

+11.7%%

2022

$310.3K

+8.3%%

2023

$328.9K

+6.0%%

2024

$351.6K

+6.9%%

2025

$370.6K

+5.4%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

4.7%%

Near national average

Population Density

1,608

People per square mile

Homicide Rate

3.1

Low (per 100K residents)

Political Lean (2020)

Competitive

D+0

Racial Demographics

White

57.1%

Black

6.3%

Hispanic

24.4%

Asian

8.4%

Two or More Races

3.1%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

49°F

Annual average

Sunny Days

172

Days per year

Annual Rainfall

36.8"

Inches per year

Natural Disaster Risk

High Risk

Score: 96/100

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