States › Illinois › Lake Holiday

Is Lake Holiday, IL expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6546% lower than U.S. average
💵 Families earn per year (2026)$116,343about $9,695/month · 34% higher than U.S. average
🔑 House price$256,40023% lower than U.S. average

Rent is higher than in 50% 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 45.4 minutes each way. Most homes (92.2%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $66,160 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 200 of 334 cities from cheapest to most expensive.

Lake Holiday
$1,654
Mount Zion
$823
East Alton
$974
Du Quoin
$795
Wilmington
$1,329
Genoa
$1,040
Vandalia
$860

How much do households earn in Lake Holiday?

Under $25k
5.5%
$25k–50k
15.0%
$50k–100k
34.0%
$100k–150k
29.6%
$150k+
12.9%

Share of households by yearly income. 42.5% of households earn $100,000 or more.

How expensive is Lake Holiday 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 Lake Holiday, so the Illinois figure is shown.

Taxes and bills in Lake Holiday

🏛️ Property tax$5,444a year · 2.12% of home value · U.S. $3,119
⚡ Electric bill$130a month (typical) · U.S. $156

Life in Lake Holiday

Commute to work45.4 minU.S.: 26.4 min
College degree31%U.S.: 35.7%
Own their home92.2%U.S.: 65.2%
Below poverty line2.9%U.S.: 12.5%
Unemployment2.4%U.S.: 5.2%

Is it cheaper to rent or buy in Lake Holiday?

Renting is cheaper right now: about $125 a month less.

Renting
$1,654
Owning
$1,779

Owning assumes a typical $256,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,640 for the down payment.

Frequently asked questions

What is the average rent in Lake Holiday, IL?

Renting in Lake Holiday costs a median of about $1,654 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $66,160 a year, or $32 an hour at a full-time job.

Is Lake Holiday cheap or expensive?

Lake Holiday is rated Cheap: rent takes 17.1% of the typical household income of $116,343. It ranks 200th cheapest of 334 Illinois cities we track.

How much are property taxes in Lake Holiday?

The median homeowner in Lake Holiday pays $5,444 a year in property taxes, about 2.12% of the median home value.

Is Lake Holiday 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 Lake Holiday?

The median home value in Lake Holiday is $256,400, about 2.2 times the typical yearly household income.

5,641 people live in Lake Holiday. Numbers are typical (middle) values.