B-
4%
Overall NAT. AVG.
11%
Goods & Services NAT. AVG.
27%
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 Crystal Lake Illinois National
Cost of living10496100
Goods & Services8997100
Groceries9798100
Health care10195100
Housing12795100
Transportation110103100
Utilities8789100

An Overview of Cost of Living in Crystal Lake, IL

Are you thinking about relocating, but curious about the potential cost of living in Crystal Lake? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Crystal Lake stands at 104, making it 4% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

In Crystal Lake, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Crystal Lake will resemble that of an average city, contributing to a manageable cost of living.

Housing costs make up a big chunk of the cost of living in Crystal Lake, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 27.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Everyday items like clothes, personal care products and fun activities all add up to what it costs to live. The thing is, in Crystal Lake, these goods and services are 11.1% cheaper than what people pay on average across the country. That means you can enjoy what you need and like without going broke. With these savings, you can stash more cash in your savings or use it for other money goals, which can really boost your financial health.

Is Crystal Lake Affordable?

Is Crystal Lake an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Crystal Lake, the median home price is 26.4% higher than what most folks pay across the country, and monthly rent prices are 29% higher than the usual rates. Income levels in Crystal Lake come in at $91,456, which is 65.3% higher than the national average.

What Factors can Influence the Cost of Living in Crystal Lake?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Crystal Lake, the groceries index registers 3.3% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Crystal Lake, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Crystal Lake, healthcare costs are 0.6% higher than the national average.

Where is the Data From?

The Crystal Lake cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Crystal Lake is 8% higher than the Illinois average
  • The cost of living in Crystal Lake is 4% higher than the national average
  • Crystal Lake housing is 27% 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

Most Affordable Places to Live in and Around Crystal Lake

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Compare Crystal 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$108,710$9,059$2,536$3,262
      Renters$50,074$4,173$1,168$1,502
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Crystal Lake, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Crystal Lake homeowners, is $108,710. This would allow for a maximum of $2,536 per month to be spent on housing costs. For renters, the median monthly income is $50,074 which would result in a maximum of $1,168 to be spent on rental costs.

      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 Crystal Lake National avg. Difference
      Haircut $19.94$24.2617.8%
      Beauty Salon $36.22$45.5620.5%
      Toothpaste $3.58$3.703.2%
      Shampoo $1.27$1.281.1%
      Movie $12.73$12.134.9%
      Bowling $12.67$18.0029.6%

      Groceries

      Item Crystal Lake National avg. Difference
      Ground Beef $5.72$5.842.0%
      Fried Chicken $1.42$1.579.9%
      Milk $4.63$4.670.9%
      Potatoes $4.82$4.932.3%
      Pizza $10.99$12.099.1%
      Beer $9.56$10.418.2%

      Health Care

      Item Crystal Lake National avg. Difference
      Optometrist $79.67$125.6836.6%
      Doctor $158.33$135.7816.6%
      Dentist $110.16$113.292.8%
      Ibuprofen $10.57$10.650.8%
      Lipitor $460.30$468.601.8%

      Housing

      Item Crystal Lake National avg. Difference
      Home Price $233,400.00$184,700.0026.4%
      Avg. Mortgage Payment $1,465.09$2,346.6937.6%
      Apartment Rent $1,224.00$949.0029.0%

      Transportation

      Item Crystal Lake National avg. Difference
      Gasoline $3.69$3.466.7%
      Tire Balancing $70.28$59.9217.3%

      Utilities

      Item Crystal Lake National avg. Difference
      All Electricity $147.39$193.9924.0%
      Phone $198.03$192.253.0%
      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.
      Harvard, IL9,2039010.5%
      Round Lake Park, IL7,744972.8%
      Marengo, IL7,871928.1%
      McCullom Lake, IL1,193937.1%
      Wonder Lake, IL3,955946.3%
      Crystal Lake, IL39,6851043.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Marlborough, MA39,66313939.2%
      Romeoville, IL39,6441099.1%
      Indian Trail, NC39,64411110.9%
      Royal Palm Beach, FL39,61512120.8%
      Sumter, SC39,758937.0%
      Crystal Lake, IL39,6851043.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.