Cost of Living in Lake Barrington, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
225.2
100 = national avg
+125.2 vs national average
Living Wage (1 Adult)
$99,078
per year
Living Wage (Family of 4)
$234,184
per year
Cost Index by Category
Housing314.3
Food151.5
Transportation203.1
Healthcare141.2
Utilities173.8
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 Lake Barrington is 225.2, which is 125.2% above the national average. Housing costs are above the national average at an index of 314.3. A single adult needs to earn approximately $99,078 per year to cover basic expenses.