Small Town1,279 people

Lake Catherine, IL

Discover how far your salary goes in Lake Catherine. Compare taxes, rent, and living costs.

Cost Index
122
📈 Above Average
Population

1,279

State Tax

5.0%

1BR Rent

$1,309

/month

vs National

-6%

below avg

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Rent Prices in Lake Catherine

🏠

Studio

$1,047

/month

$12,564/year

Most Common
🛏️

1 Bedroom

$1,309

/month

$15,708/year

🏡

2 Bedroom

$1,767

/month

$21,204/year

🏘️

3 Bedroom

$2,291

/month

$27,492/year

Taxes in Illinois

State Income Tax

Illinois

5.0%

For a $100k salary, that's ~$4,950/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Lake Catherine, IL?

Lake Catherine has a cost of living index of 122, which is 22% above the national average. A 1-bedroom apartment costs around $1,309/month.

What is the state income tax in Illinois?

Illinois has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.

How much is rent in Lake Catherine?

The median rent for a 1-bedroom apartment in Lake Catherine is $1,309/month. For a 2-bedroom, expect to pay around $1,767/month. This is 6% below the national average.

Is Lake Catherine a good place to live?

Lake Catherine is a small town with a population of 1,279. The cost of living is above average, making it more expensive than average for the US.

See the complete picture for Lake Catherine

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