Cost of Living in Fox Lake Hills, IL

With a cost of living index of 101, Fox Lake Hills, IL is right around the national average in cost. Living here is 1% more expensive than the national average and 21% above the Illinois state average of 80. Fox Lake Hills is a small community of 2,304 residents.

Housing costs are the biggest factor in Fox Lake Hills's cost of living. The median monthly rent is $1,514 (15% above the US median of $1,319), and the median home value sits at $229,700 (25% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Fox Lake Hills is $111,477, which is 48% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Fox Lake Hills. The area sees an average annual temperature of 48.3°F, with summers averaging 69°F and winters around 26°F. Annual rainfall totals 35.3 inches spread over roughly 129 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.