Median rent is 8% lower in Lake in the Hills ($1,634/mo vs $1,779/mo). Buying is cheaper in Lake in the Hills, where the median home runs $296,400 versus $751,700. Households earn more in Lake in the Hills ($113,491 vs $79,713 a year).
City A
Lake in the Hills, IL
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Lake in the Hills, IL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Lake in the Hills
Illinois
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Lake in the Hills at $1,634/mo compared to $1,779/mo in New York (8% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $296,400 in Lake in the Hills — 61% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Illinois's top income tax rate is 4.95% versus 10.90% in New York, so Lake in the Hills is more tax-friendly for high earners. Sales tax is 6.25% in Illinois and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Lake in the Hills
Income tax: 4.95%
Sales tax: 6.25%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Lake in the Hills.
Pick Lake in the Hills if you prioritize higher median household income ($113,491/yr).
Pick Lake in the Hills if you prioritize lower state income tax (4.95%).
Is Lake in the Hills cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Lake in the Hills vs New York?
Median rent is $1,634/mo in Lake in the Hills, IL and $1,779/mo in New York, NY. Lake in the Hills, IL has the lower rent by about 8%.
Which has higher salaries — Lake in the Hills or New York?
Median household income is $113,491 in Lake in the Hills, IL and $79,713 in New York, NY. Lake in the Hills, IL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Lake in the Hills or New York?
Illinois's top income tax rate is 4.95% and New York's is 10.90%. Lake in the Hills, IL has the lower rate.
What salary do I need in New York to match my Lake in the Hills income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology