Island Lake, IL
8,014Residents
$103,156Median household income
$1,874/moMedian gross rent
$262,500Median home value
39.1Median age
30%Adults with a bachelor’s degree or higher
83%Homes lived in by their owners
2.5×Home value to household income
Median rent takes about 22% of the median household income in Island Lake.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $75,000 a year. In Illinois that leaves roughly $4,823 a month after tax. See the full paycheck breakdown for $75,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.