Is Lake in the Hills an expensive place to live?
The cost of living index is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
2,724/6,050 cities in the US
161/286 cities in Illinois
Cost of Living compared to National Average
The ranking of cities is based on every single city in the United States
161/286 cities in Illinois
Cost of Living compared to Illinois
This is based on every single city in Illinois
Cost of Living Comparison Calculator
Use our cost of living calculator to compare the cost of living between different locations and utilize our cost of living information to research living expenses in various areas.
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Assumptions Used to Calculate the Average Cost of Living in Lake in the Hills:
House SizeTwo Bedroom AptEdit
Ownership vs. RentRentEdit
The crime rate in Lake in the Hills is 0.35%. Crime rate is calculated by dividing the number of reported crimes by the total population.
The violent crime rate in Lake in the Hills is 0.06%. Violent crime rate is calculated by dividing the number of reported violent crimes (murder, robbery, and assault) by the total population.
The property crime rate in Lake in the Hills is 0.29%. Property crime rate is calculated by dividing the number of reported property crimes (burglary, larceny, motor vehicle theft, and arson) by the total population.
*The US National numbers are adjusted to be equivalent to Lake in the Hills's population of 28,961.
Description: Lake in the Hills (often abbreviated L.I.T.H. or LITH) is a village in McHenry County, Illinois, United States. As of the 2020 census, the population was 28,982.
The village is most known for its very high residential growth which occurred most heavily in the 1990s. Once a sleepy lakeside village of cottages and small ranches, its population skyrocketed as developers flocked to...
How expensive is it to live in Lake in the Hills?
Based on our Lake in the Hills cost of living calculator, Lake in the Hills is 1% less expensive than the national average and 2% less expensive to live in than the average city in Illinois. This assumes a $72,000 annual salary and a 2 Bedroom Apt. Food costs in Lake in the Hills are more affordable than average in the United States. Transportations costs in Lake in the Hills are less affordable than average in the United States. Housing costs in Lake in the Hills are as affordable than average in the United States. Health care costs in Lake in the Hills are as affordable than the US average.
What does it cost to move to Lake in the Hills?
The cost of moving to Lake in the Hills depends on a lot of factors. The biggest factor is the difference in cost of living between the two locations, which can be determined using
ERI's cost of living calculator. The other major factor is the distance between the two locations.
What is a cost of living index?
A cost of living index is a broad measurement of the cost of different expenses expected by the average person living in a certain location. Some of the categories tracked include health care costs, transportation, housing, groceries, and more. These numbers are tracked in specific locations to gauge how much it costs to live in a certain area over time.
Another good way to interpret this general number is to ask the question, "How many goods and/or services does a specific amount of money purchase in a given location?" An easy example would be that $100 goes further in Reno, Nevada, than it does in San Francisco, California. The goods and services tracked are need-based, meaning entertainment and other incurred expenses not required to live in a certain area are not tracked.
The main purpose of a cost of living index is to help a person quickly decide if moving from one location to another will increase or decrease quality of life.
How did we calculate our cost of living index?
Cost of living data are derived from ERI's cost of living surveys and web digitization of public domain records. Data are comprised of health care, transportation, housing, and grocery costs, which are then averaged out across the county. On the graphs above, the "0" represents the country’s average. The percentage can either be lower, expressed by a negative number, or higher than the national average, expressed by a positive number. The important part to remember is the locations are compared to an average of other locations.
What is cost of labor?
Cost of labor may sound like cost of living, but it refers to the price of labor as opposed to the cost to living in a location. Cost of labor refers to all the upfront costs that an employer must pay when hiring work from a particular area. This factors in costs such as the payroll taxes and required benefits when hiring from a particular location. This number is displayed as a percent average higher or lower than the national average. To see the cost of labor data for a particular location, please fill out this
quote form with your location of interest.