States › Illinois › Candlewick Lake

Is Candlewick Lake, IL expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6814% lower than U.S. average
💵 Families earn per year (2026)$92,908about $7,742/month · 7% higher than U.S. average
🔑 House price$172,30048% lower than U.S. average

Rent is higher than in 51% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 38.4 minutes each way. Most homes (92.7%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $67,240 a year. That is $32 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

No. Rent here is more expensive than in most of Illinois. It is number 206 of 334 cities from cheapest to most expensive.

Candlewick Lake
$1,681
Lake Barrington
$3,500+
Spring Valley
$1,012
Carlinville
$911
Northfield
$2,304
Genoa
$1,040
Wilmington
$1,329

How much do households earn in Candlewick Lake?

Under $25k
13.0%
$25k–50k
15.7%
$50k–100k
42.0%
$100k–150k
21.3%
$150k+
3.1%

Share of households by yearly income. 24.4% of households earn $100,000 or more.

How expensive is Candlewick Lake overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Candlewick Lake, so the Illinois figure is shown.

Taxes and bills in Candlewick Lake

🏛️ Property tax$3,564a year · 2.07% of home value · U.S. $3,119
⚡ Electric bill$155a month (typical) · U.S. $156

Life in Candlewick Lake

Commute to work38.4 minU.S.: 26.4 min
College degree21.5%U.S.: 35.7%
Own their home92.7%U.S.: 65.2%
Below poverty line10%U.S.: 12.5%
Unemployment4.6%U.S.: 5.2%

Is it cheaper to rent or buy in Candlewick Lake?

Buying is cheaper month to month: about $485 a month less than renting.

Renting
$1,681
Owning
$1,196

Owning assumes a typical $172,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,230 for the down payment.

Frequently asked questions

What is the average rent in Candlewick Lake, IL?

Renting in Candlewick Lake costs a median of about $1,681 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Candlewick Lake?

To keep rent under 30% of income, you need about $67,240 a year, or $32 an hour at a full-time job.

Is Candlewick Lake cheap or expensive?

Candlewick Lake is rated OK: rent takes 21.7% of the typical household income of $92,908. It ranks 206th cheapest of 334 Illinois cities we track.

How much are property taxes in Candlewick Lake?

The median homeowner in Candlewick Lake pays $3,564 a year in property taxes, about 2.07% of the median home value.

Is Candlewick Lake more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Candlewick Lake?

The median home value in Candlewick Lake is $172,300, about 1.9 times the typical yearly household income.

5,448 people live in Candlewick Lake. Numbers are typical (middle) values.