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Special Interest
Housing in Lake County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Lake County averages $1,477/month for a 2‑bedroom in 2024, compared to the Illinois median of $1,274 and the national median of $1,413. Local renters spend approximately 29% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Lake County FMR Area are $1,619 for a studio, $1,730 for 1‑bedroom, $1,949 for 2‑bedroom, $2,510 for 3‑bedroom, and $2,903 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $472 increase for a 2-bedroom in Lake County shows a 32% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Lake County was 5.0% in 2024, compared to Illinois at 5.0% and the national rate of 4.0%.
