Cost of living in Island Lake, IL

Island Lake is a Census village in Lake County, IL. ACS 2024 5-year population is 8,014. Median gross rent is $1,874 (ACS 2024 5-year, this place). Median home value is $262,500. Median household income is $103,156. Insurance is the NAIC state average; food is a USDA plan — no town indexes.