Cost of Living in Crystal lake, IL
Crystal lake cost of living index: 82.55 (below the US average). Median home price: $363,325.
Updated 2026 • Based on 2 local zip codes
📍 Some data sourced from nearby metro area
% below the national average
Housing
Data from 2 zip codes
Housing costs in Crystal lake, IL based on real market data from 2 local zip codes.
Considering relocating to Crystal lake, IL? With a median home price of 363325.0, the housing market seems accessible for buyers. However, the current housing index, along with the average rental prices for a 2-bedroom apartment and house both reflecting 0 suggests either a market in transition or missing data. Ensure to explore local amenities, job opportunities, and overall lifestyle in Crystal lake. Comparing trends to nearby cities could also provide insight into long-term investment value, as it’s essential to understand the overall housing landscape before making your decision.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Crystal lake, IL could entail variable utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet. Expect to budget about $95.2 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Crystal lake, IL
How far does your money go in Crystal lake? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Crystal lake
The adjusted purchasing power shows what a Crystal lake, IL household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Crystal lake, that's $103,018 ÷ 82.55 × 100 = $124,795. This means a household earning the median income in Crystal lake has the equivalent buying power of $124,795 in a city where the cost of living index equals the national baseline of 100.
Crystal lake is well below the national cost of living average at 82.55, making it one of the more affordable places to live in IL. The median income of $103,018 has an effective purchasing power of $124,795 — a meaningful boost that allows residents to save more, invest in real estate, or enjoy a higher standard of living compared to expensive metro areas.
The local unemployment rate of 5.4% is above the national average, which means the job market in Crystal lake may be more competitive. For remote workers or retirees with fixed income, the low cost of living is a strong advantage. For job seekers, researching the local industry mix before relocating is recommended.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Crystal lake
Pros
- • Friendly community vibe
- • Growing job opportunities nearby
- • Welcoming to newcomers
- • Low crime rates generally
- • Access to lakes and nature
- • Family-friendly activities abound
- • Small-town charm with amenities
- • Good schools in the area
- • Diverse local events and culture
- • Nice parks and outdoor spaces
Cons
- • Public transport options lacking
- • Some traffic congestion issues
- • Job market competitive for some
- • Limited diversity in some areas
- • Tax rates can be high
- • Limited nightlife options
- • Seasonal weather challenges
- • Higher cost of living
- • May feel isolated at times
- • Limited cultural events
💡City Insights
Crystal lake scores 8/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an good overall profile. Its strongest aspect is affordability, making it particularly suitable for budget-conscious buyers. This balanced profile makes Crystal lake worth considering for various lifestyle priorities.
Frequently Asked Questions
What is the cost of living in Crystal lake, IL? ▼
The cost of living in Crystal lake, IL is 17% lower than the national average, with a cost of living index of 83 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Crystal lake, IL? ▼
In Crystal lake, IL, The median home price is $363,325. requiring approximately $120,712 annual income to afford. Average rent is $2,482/month (requiring ~$99,260/year income). The local median household income is $103,018, making homeownership attainable for typical residents. Explore Crystal lake real estate data →
Is Crystal lake, IL a safe place to live? ▼
Crystal lake, IL is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Crystal lake crime statistics →
What salary do you need to live comfortably in Crystal lake, IL? ▼
To live comfortably in Crystal lake, IL and afford a median-priced home of $363,325, you would typically need a household income of $90,831 to $113,539 per year. The local median household income is $103,018. Renting requires approximately $99,260/year (at $2,482/month). See full affordability analysis →
What are the best neighborhoods in Crystal lake, IL? ▼
The best neighborhoods in Crystal lake, IL depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $363,325 is below the national average.
How are the taxes in Crystal lake, IL? ▼
Tax rates in Crystal lake, IL include state and local components. The cost of living index of 83 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Crystal lake tax information →
How does Crystal lake, IL compare to nearby cities? ▼
Crystal lake, IL offers a more affordable alternative to nearby communities. With a cost of living index of 83, median home prices of $363,325, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Crystal lake, IL? ▼
Weather in Crystal lake, IL varies by season. Climate data varies by season. View detailed Crystal lake climate & environment data →
What factors affect cost of living in Crystal lake, IL? ▼
The main factors affecting cost of living in Crystal lake, IL include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 2 zip codes in Crystal lake, IL.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 60012 | $391,850 | $2,828/mo | $2,490/mo | 46 | 6 |
| 60014 | $334,800 | $2,323/mo | $2,473/mo | 154 | 149 |
Explore More About Crystal lake, IL
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin