Enviroment factors

Air quality:
1.82
Average air quality index for the past year
Poor air:
48/365
Total amount of days with bad air quality
Water Quality:

Cost of Living in Lake zurich, IL

Housing

The housing market plays a significant role in determining the cost of living in Lake zurich, IL.

  • Housing Index: 115.0 / 100
  • Median Home Price is: $437200
  • Average Rent (2 BR Apartment): $1800 per month
  • Average Rent (2 BR House): $1900 per month

Considering a move to Lake zurich, IL? With a housing index of 115.0, the market indicates a slightly higher cost of living compared to the national average. The median home price stands at a substantial 437200, reflecting a strong real estate market. Rental options are notable too, with the average rent for a 2BR apartment at 1800 and a 2BR house at 1900. It's essential to evaluate your budget and consider the amenities and lifestyle this area offers, as the investment potential may equate to overall satisfaction in your new home.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake zurich, IL.

  • Electricity Price: 16.15 USD (median by state)
  • Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
  • Other Utilities (water, garbage, etc.): $250 per month

Living in Lake zurich, IL could entail higher utility costs. Electricity costs sit at 16.15, while natural gas is priced at 16.59 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

  • Index score: 110.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

  • Median Income: $135211

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

Summary

When considering a move to Lake zurich, IL, consider the following factors:

  • Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
  • Job opportunities: The availability of jobs in your field can affect your quality of life.
  • Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.
Pros
  1. Diverse dining options nearby
  2. Welcoming and friendly residents
  3. Excellent public school system
  4. Strong job market opportunities
  5. Great local parks for kids
  6. Community events throughout year
  7. Active local sports leagues
  8. Low crime rates in the area
  9. Family-friendly community vibes
  10. Beautiful lake for recreation
Cons
  1. Limited nightlife options
  2. Expensive property taxes
  3. Occasional traffic congestion
  4. High cost of living here
  5. Political split among residents
  6. Cold winters can be harsh
  7. Limited rental housing options
  8. Lack of public transportation
  9. Some racial diversity issues
  10. Fewer cultural activities