salaryRent is higher than in 73% 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 35.6 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $83,680 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 283 of 334 cities from cheapest to most expensive.
How much do households earn in Lakemoor?
Share of households by yearly income. 37.5% of households earn $100,000 or more.
Rent by apartment size in Lakemoor
| Size | Lakemoor | U.S. average |
|---|---|---|
| 1 bedroom | $1,846 | $1,324 |
| 2 bedrooms | $1,932 | $1,509 |
| 3 bedrooms | $1,946 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lakemoor 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 Lakemoor, so the Illinois figure is shown.
Taxes and bills in Lakemoor
Life in Lakemoor
Is it cheaper to rent or buy in Lakemoor?
Buying is cheaper month to month: about $250 a month less than renting.
Owning assumes a typical $265,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,550 for the down payment.
Frequently asked questions
What is the average rent in Lakemoor, IL?
Renting in Lakemoor costs a median of about $2,092 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Lakemoor?
To keep rent under 30% of income, you need about $83,680 a year, or $40 an hour at a full-time job.
Is Lakemoor cheap or expensive?
Lakemoor is rated OK: rent takes 23.2% of the typical household income of $108,296. It ranks 283rd cheapest of 334 Illinois cities we track.
How much are property taxes in Lakemoor?
The median homeowner in Lakemoor pays $7,103 a year in property taxes, about 2.68% of the median home value.
Is Lakemoor 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 Lakemoor?
The median home value in Lakemoor is $265,500, about 2.5 times the typical yearly household income.
6,467 people live in Lakemoor. Numbers are typical (middle) values.