Cost of Living in Channel Lake, IL

B+
3%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
6%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Channel Lake Illinois National
Cost of living10396100
Goods & Services9997100
Groceries10398100
Health care11195100
Housing10695100
Transportation99103100
Utilities10589100
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Cost Of Living Quick Facts

  • The cost of living in Channel Lake is 7% higher than the Illinois average
  • The cost of living in Channel Lake is 3% higher than the national average
  • Channel Lake housing is 6% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

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Compare Channel Lake, IL Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$61,019$5,085$1,424$1,831
          Renters$37,857$3,155$883$1,136

          Illinois Sales Tax

          State General Sales Tax With Max Surtax
          Illinois 6.25% 10.25%

          Illinois Income Tax

          State Income Tax (Low) Income Tax (High)
          Illinois 4.95% 4.95%

          Goods & Services

          Item Channel Lake National avg. Difference
          Haircut $20.21$24.2616.7%
          Beauty Salon $33.25$45.5627.0%
          Toothpaste $3.66$3.701.1%
          Shampoo $1.07$1.2816.6%
          Movie $10.26$12.1315.5%
          Bowling $10.03$18.0044.3%

          Groceries

          Item Channel Lake National avg. Difference
          Ground Beef $6.05$5.843.5%
          Fried Chicken $1.46$1.577.3%
          Milk $4.55$4.672.7%
          Potatoes $4.10$4.9317.0%
          Pizza $11.33$12.096.3%
          Beer $8.52$10.4118.2%

          Health Care

          Item Channel Lake National avg. Difference
          Optometrist $278.65$125.68121.7%
          Doctor $223.73$135.7864.8%
          Dentist $106.79$113.295.7%
          Ibuprofen $10.29$10.653.4%
          Lipitor $469.65$468.600.2%

          Housing

          Item Channel Lake National avg. Difference
          Home Price $171,700.00$184,700.007.0%
          Avg. Mortgage Payment $1,879.64$2,346.6919.9%
          Apartment Rent $1,308.00$949.0037.8%

          Transportation

          Item Channel Lake National avg. Difference
          Gasoline $3.30$3.464.5%
          Tire Balancing $44.14$59.9226.3%

          Utilities

          Item Channel Lake National avg. Difference
          All Electricity $182.69$193.995.8%
          Phone $185.79$192.253.4%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Park City, IL7,6368415.8%
          Lake Ivanhoe, WI398955.5%
          North Chicago, IL29,967973.2%
          Round Lake Park, IL7,744972.8%
          Waukegan, IL87,157982.1%
          Channel Lake, IL1,7841032.6%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Leilani Estates, HI1,78414040.4%
          Fredericksburg, PA1,7841021.7%
          Saint-Placide, QC1,784n/a 
          Musqueam 2, BC1,784n/a 
          Heritage Pines, FL1,783954.6%
          Channel Lake, IL1,7841032.6%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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