Lake Villa, IL, shows a higher cost of living compared to the nationwide average in several key areas. The housing index stands at 120, indicating that housing costs are 20% higher than the national average. Additionally, transportation costs are 10% above the average, with an index of 110.
Despite these increases, Lake Villa's grocery and utility costs remain relatively close to the national average, with indices of 105 and 95, respectively. Healthcare costs align perfectly with the national average, while miscellaneous expenses are just 2% higher. This balanced mix of costs makes Lake Villa an attractive option for those seeking a reasonable cost of living with some areas of affordability.
The cost of living in Lake Villa, IL, shows some variations when compared to the nationwide average, which is set at 100. Housing costs in Lake Villa are notably higher, standing at 120. This means that housing expenses are 20% more expensive than the national average. For job seekers considering Lake Villa, this could be a significant factor in their budget planning.
Other areas also reflect some differences. Groceries in Lake Villa cost 105, which is 5% higher than the average. Transportation costs are 110, representing a 10% increase. Utilities, however, are slightly below the national average at 95, which means they are 5% cheaper. Healthcare costs remain at par with the national average at 100. Miscellaneous expenses are slightly higher at 102, indicating a 2% increase. These figures provide a clear picture of where Lake Villa stands in terms of cost of living compared to the rest of the country.
