Cost of Living in Third Lake, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
221.3
100 = national avg
+121.3 vs national average
Living Wage (1 Adult)
$97,371
per year
Living Wage (Family of 4)
$230,150
per year
Cost Index by Category
Housing270.7
Food165.3
Transportation230.7
Healthcare152.3
Utilities173.3
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 Third Lake is 221.3, which is 121.3% above the national average. Housing costs are above the national average at an index of 270.7. A single adult needs to earn approximately $97,371 per year to cover basic expenses.