Cost of Living in Gages Lake, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
162.0
100 = national avg
+62.0 vs national average
Living Wage (1 Adult)
$71,289
per year
Living Wage (Family of 4)
$168,501
per year
Cost Index by Category
Housing194.6
Food130.3
Transportation160.7
Healthcare124.3
Utilities137.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Gages Lake is 162.0, which is 62.0% above the national average. Housing costs are above the national average at an index of 194.6. A single adult needs to earn approximately $71,289 per year to cover basic expenses.