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Cost & Benefits

Cost of living in Lake Villa, Illinois

Lake Villa, Illinois has about 8,683 people. Typical rent is $1,533 a month, including utilities, and a typical household earns $118,750 a year. Both figures are Census 2020–2024 medians, not a listing or your pay. This site does not approve or deny benefits. A missing figure stays blank. We do not guess it.

Ranked #146 in Illinois on the 2026 Most Affordable Towns Index.

Simple answer

Typical rent is $1,533 a month.

Lake Villa is a village in Illinois. That rent number includes utilities. A typical household earns $118,750 a year.

Is Lake Villa affordable?See benefits in Lake Villa
People
8,683
Census average, 2020–2024
Typical rent
$1,533
Median gross rent, includes utilities
Typical pay
$118,750
Median household income, yearly
Typical home
$351,700
Median home value
2-bedroom fair rent
$2,011
Chicago-Joliet-Naperville, IL HUD Metro FMR Area

Lake Villa, Illinois has about 8,683 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $351,700.

HUD's fair-market rent for a 2-bedroom in Lake County is $2,011 a month. That is the county number, not an apartment listing in Lake Villa. It runs from October 2026 through September 2027.

In the Chicago-Naperville-Elgin, IL-IN metro area, prices sit at 103.6 when the U.S. average is 100. That is a 2024 BEA index.

Illinois taxes wages. A typical combined sales tax is 9.0% as of January 1, 2026. That mix is statewide, not Lake Villa's exact store tax.

In July 2026, a typical Illinois home paid 19.22¢ per kilowatt-hour. That is a state average from EIA, not Lake Villa's bill.

EIA did not publish a 2025 all-grades gas price for Illinois in the table we use.

Among 648 places we list in Illinois with a rent figure, 127 have higher typical rent than Lake Villa.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Find SNAP stores near Lake VillaWhat EBT can buy in Illinois

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in Illinois

Bigger places in Illinois

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.