Cost of Living in Lake Holiday, IL
Cost of Living in Lake Holiday, IL has an overall index of 96, 4% below the U.S. baseline of 100. The typical home value is $235,300; typical monthly rent is $1,859; and median household income is $112,250.
Cost index: committed city housing/rent inputs and BEA 2024 state nonmetro price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Lake Holiday
Living in Lake Holiday
What is the cost of living like in Lake Holiday, IL?+
Living costs in Lake Holiday land close to the national average, with a Cost Index of 96 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $235,300, and typical monthly rents are $1,859. Groceries and utilities are slightly below what you would find in most US cities.
How does Lake Holiday fit a household housing budget?+
Start with housing. Typical monthly rent is $1,859, while local median household income is $112,250. That implies a rent-burden proxy of about 20% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Lake Holiday, IL?+
Illinois uses a flat model; 4.95% is top marginal-rate context. Applying the 2.07% state-level effective owner-occupied proxy to a home worth $235,300 gives a planning estimate near $4,871 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 8.82%.
How much does it cost to rent in Lake Holiday, IL?+
The typical monthly rent in Lake Holiday is around $1,859. That's about 38% higher than the $1,348 national median. For comparison, the median home value here is $235,300, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Lake Holiday, IL?+
The typical home value in Lake Holiday is $235,300. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,142/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 92% of residents here own their homes.
Are groceries and utilities expensive in Lake Holiday?+
Grocery prices in Lake Holiday are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Lake Holiday, IL like to live in?+
Lake Holiday is a small town with a population of about 5,402. The median age of residents is 48.7, skewing somewhat older — common in established suburban communities. The local poverty rate is 10.87%, near the national average of 12.4%.