Cost of Living in Lake Villa, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
167.2
100 = national avg
+67.2 vs national average
Living Wage (1 Adult)
$73,553
per year
Living Wage (Family of 4)
$173,852
per year
Cost Index by Category
Housing197.5
Food134.9
Transportation169.8
Healthcare127.9
Utilities140.5
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 Villa is 167.2, which is 67.2% above the national average. Housing costs are above the national average at an index of 197.5. A single adult needs to earn approximately $73,553 per year to cover basic expenses.