Housing costs in Lily Lake?
A typical home costs
$418,400, which is 23.8% more expensive than the national average of
$338,100 and 73.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lily Lake costs
$2,070 per month, which is 44.8% more than the national average of
$1,430 and 39.1% more than the state average of
$1,260.
Can I afford Lily Lake?
To live comfortably in Lily Lake, Illinois, a minimum annual income of
$80,280 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Lily Lake?
The cost of living in Lily Lake, IL is relatively affordable. According to the US Bureau of Labor Statistics, the city has an average cost of living index of 95.6, which is lower than the national average. Housing costs are among the most affordable with a median home price of $158,400 and rental prices averaging at around $743 per month. The unemployment rate in Lily Lake is also low compared to other towns and cities throughout Illinois, ensuring that wages tend to be higher than average. Other essential living expenses like food, transportation and utilities are all competitively priced in the area. All things considered, Lily Lake is an ideal place for those looking for a comfortable life on a reasonable budget.