salaryRent is higher than in 73% of U.S. cities. Household incomes are higher than in 89% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (77.8%) are owned, so rentals can be hard to find. It is a highly educated city: 60.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $83,360 a year. That is $40 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 282 of 334 cities from cheapest to most expensive.
How much do households earn in Lake Zurich?
Share of households by yearly income. 53.8% of households earn $100,000 or more.
Rent by apartment size in Lake Zurich
| Size | Lake Zurich | U.S. average |
|---|---|---|
| Studio | $1,531 | $1,338 |
| 1 bedroom | $1,886 | $1,324 |
| 2 bedrooms | $2,497 | $1,509 |
| 3 bedrooms | $2,838 | $1,698 |
| 4 bedrooms | $3,064 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Zurich overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lake Zurich, so the Illinois figure is shown.
Taxes and bills in Lake Zurich
Life in Lake Zurich
Is it cheaper to rent or buy in Lake Zurich?
Renting is cheaper right now: about $936 a month less.
Owning assumes a typical $435,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,530 for the down payment.
Frequently asked questions
What is the average rent in Lake Zurich, IL?
Renting in Lake Zurich costs a median of about $2,084 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Lake Zurich?
To keep rent under 30% of income, you need about $83,360 a year, or $40 an hour at a full-time job.
Is Lake Zurich cheap or expensive?
Lake Zurich is rated Cheap: rent takes 17.1% of the typical household income of $146,641. It ranks 282nd cheapest of 334 Illinois cities we track.
How much are property taxes in Lake Zurich?
The median homeowner in Lake Zurich pays $9,217 a year in property taxes, about 2.12% of the median home value.
Is Lake Zurich 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 Zurich?
The median home value in Lake Zurich is $435,300, about 3.0 times the typical yearly household income.
19,832 people live in Lake Zurich. Numbers are typical (middle) values.