Cost of living in Lake County, MI
Population 12,393 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Lake County
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Lake County
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Lake County
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Lake County
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Lake County
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Lake County
State and local tax rates for Michigan.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Lake County
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Lake County
What it costs to live in Lake County each month.
- Rent $749
- Energy $191
- Water $50
- Groceries $326
- Transport $320
- Healthcare $480
- Federal tax $313
- State tax $103
- Rent $933
- Energy $229
- Water $60
- Groceries $540
- Transport $420
- Healthcare $864
- Federal tax $487
- State tax $176
- Rent $1,307
- Energy $286
- Water $70
- Groceries $820
- Transport $520
- Healthcare $1,350
- Childcare $1,200
- Federal tax $487
- State tax $176
Frequently asked questions about Lake County
Common questions about cost of living, rent and salary.
What is the average rent in Lake County?
In Lake County, MI, a one-bedroom apartment averages $749 per month, a two-bedroom averages $933 per month, a three-bedroom averages $1,307 per month, according to HUD Fair Market Rent data.
What is the average salary in Lake County?
In Lake County, MI, the average household income is $49,680 per year and individual earnings for full-time workers average $29,218 per year, according to U.S. Census Bureau data.
What is the cost of living in Lake County?
The estimated cost of living in Lake County, MI is approximately $2,532 per month for a single person, $3,709 for a couple, $6,216 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Lake County?
The combined sales tax rate in Lake County, MI is 6.00%, which includes the Michigan state rate of 6.00% plus an average local rate of 0.00%.
Is Lake County an affordable place to live?
Based on the data, a single person in Lake County, MI would need approximately $2,532 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $49,680 per year ($4,140 per month). Lake County has a moderate cost of living relative to local earnings.
How much does healthcare cost in Lake County?
The ACA marketplace benchmark premium in Lake County, MI is approximately $480 per month for an individual. Approximately 8.0% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Lake County?
The average home value in Lake County, MI is $122,900, with average annual property taxes of $1,413, according to U.S. Census Bureau data.
How does Lake County compare to other areas?
You can compare Lake County, MI with any other US county using our comparison tool at /compare. Lake County is in Michigan.
Other counties in Michigan
Browse the full list of counties in Michigan, ranked by cost of living.
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About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP