Cost of Living in Lake County, IN

What does it cost to live in Lake County? Income, housing, and affordability breakdown.

Median Income

$66,375

Median Rent

$1,039/mo

Median Home

$195,100

Affordability

457

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$987
Property Tax$159
Insurance$65

Total Monthly$1,211
% of Income21.9%

Renting

Median Rent$1,039
Renter's Insurance$25

Total Monthly$1,064
% of Income18.8%

Living in Lake County, Indiana

Lake County has a median household income of $66,375 with housing costs that represent 21.9% of income for owners and 18.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 457 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Indiana

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.