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Cost of Living in Round Lake Beach

Is it better to rent or buy in Round Lake Beach? 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.

$87,310
$1,642/mo

Median in area: $1,642

$203,561

Median in area: $203,561

$40,712

If you Rent

🔑
$1,906 /mo
Base Rent$1,642
Est. Utilities$264
% of Income26.2%
Pre-tax Residual$5,370

If you Buy

🏠
$1,896 /mo
P&I (6.944%)$1,077
Taxes & Ins$555
Est. Utilities$264
% of Income26.1%
Pre-tax Residual$5,380

Cost of Living FAQs

Is it cheaper to rent or buy in Round Lake Beach?›

Based on median housing data, buying is currently more affordable on a monthly basis in Round Lake Beach. The estimated all-in monthly cost for renting is $1,906, while owning a median-priced home with a 20% down payment is roughly $1,896 per month (a difference of $10).

How much do utilities cost in Round Lake Beach?›

The average monthly utility cost (electricity and natural gas) for a typical home in Round Lake Beach is approximately $264. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Round Lake Beach without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $76,240 per year.