Lake Zurich 75 Excellent
Lake Zurich Livability #198 ranked city in Illinois#3,767 ranked city in the USARanks better than 87% of areas

Pros and Cons of Living in Lake Zurich

PROS
  • Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

  • Schools

    A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.

  • Ratings

    Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.

CONS
  • Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

  • Commute

    Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.

  • Cost Of Living

    Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.

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What's it like Living in Lake Zurich?

Lake Zurich, Illinois is a mid-sized city with a population of 19,912 people. The majority of Lake Zurich residents report their race to be White; this is followed by Asian and Black. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Lake Zurich offers up a higher than average one way commute time of 31 minutes.

If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the area before actually living in Lake Zurich, Illinois. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Lake Zurich and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, commute, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Illinois and national averages.

Lake Zurich, IL receives 74 out of 100 for its livability score; this results in a ranking of #176 in Illinois and #3,636 in the USA. There are nine total categories that generate the livability score. Lake Zurich ranks well for crime (A+), education (A-) and housing (A+) On a more negative note, Lake Zurich does not have favorable scores for the following: amenities (F) and cost of living (F). If we take a look at the data, we can find out why.

Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Lake Zurich, it boasts a notably low violent crime rate of 56 crimes per 100,000 residents, which significantly outperforms the national average.

The unemployment rate in Lake Zurich has consistently declined over the years and currently stands well below the national average at 2.74%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.

Finding affordable real estate and housing in Lake Zurich can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Lake Zurich. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Lake Zurich are affordable. The median home price for Lake Zurich homes is $341,900, which is 95.6% higher than the Illinois average. If we take a closer look at the affordability of homes in Lake Zurich, we’ll see that the home price to income ratio is 3, which is 0% lower than the Illinois average.

Best Places to Live in and Around Lake Zurich

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How Do You Rate The Livability In Lake Zurich?

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Compare Lake Zurich, IL Livability

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      Lake Zurich transportation information

      Statistic Lake Zurich Illinois National
      Average one way commute31min29min26min
      Workers who drive to work77.8%73.4%76.4%
      Workers who carpool5.6%8.3%9.3%
      Workers who take public transit4.4%9.2%5.1%
      Workers who bicycle0.0%0.6%0.6%
      Workers who walk0.5%3.1%2.8%
      Working from home10.3%4.4%4.6%
      Source: The Lake Zurich, IL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).