Lake Zurich, IL

Very High · 134

Illinois · Population 19,727 · Updated March 2026

$1,782
Median Rent / Month
$139,959
Median Income
$418,300
Median Home Value
$2,124
Owner Costs / Month

Affordability

How far your income goes in Lake Zurich

15.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Illinois

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
6.25%
Sales Tax
2.07%
Property Tax Rate

Estimated Annual Costs

$21,384
Annual Rent
$6,928
State Income Tax
$8,659
Property Tax (est.)

Cost of Living Overview

Lake Zurich has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 134 (where 100 equals the national median), Lake Zurich residents can expect to pay median rent of $1,782/month while earning a median household income of $139,959/year.

The median home value in Lake Zurich, IL is $418,300, with typical monthly owner costs around $2,124 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Illinois has a moderate income tax rate of 4.95%. Combined with a 6.25% sales tax rate and 2.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Lake Zurich.

Frequently Asked Questions

Common questions about living costs in Lake Zurich

What is the cost of living in Lake Zurich, IL?
The cost of living index in Lake Zurich, IL is 134 (US average = 100). Median monthly rent is $1,782, median household income is $139,959/year, and the median home value is $418,300.
Is Lake Zurich, IL affordable?
No, Lake Zurich is more expensive than the national average with a cost index of 134. The rent-to-income ratio is 15.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lake Zurich, IL?
The median gross rent in Lake Zurich, IL is $1,782 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,384.
What is the median household income in Lake Zurich?
The median household income in Lake Zurich, IL is $139,959 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Illinois?
Illinois has a top income tax rate of 4.95%, a sales tax of 6.25%, and an effective property tax rate of 2.07%.