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Cost of Living in Fox Lake

Is it better to rent or buy in Fox Lake? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$71,072
$1,153/mo

Median in area: $1,153

$242,648

Median in area: $242,648

$48,530

If you Rent

🔑
$1,370 /mo
Base Rent$1,153
Est. Utilities$217
% of Income23.1%
Pre-tax Residual$4,553

If you Buy

🏠
$2,013 /mo
P&I (6.952%)$1,285
Taxes & Ins$511
Est. Utilities$217
% of Income34.0%
Pre-tax Residual$3,909

Cost of Living FAQs

Is it cheaper to rent or buy in Fox Lake?›

Based on median housing data, renting is currently more affordable on a monthly basis in Fox Lake. The estimated all-in monthly cost for renting is $1,370, while owning a median-priced home with a 20% down payment is roughly $2,013 per month (a difference of $643).

How much do utilities cost in Fox Lake?›

The average monthly utility cost (electricity and natural gas) for a typical home in Fox Lake is approximately $217. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Fox Lake?›

To comfortably afford the median rent and utilities in Fox Lake without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $54,800 per year.