There are 19 independent living communities serving Lake Forest, Illinois. This includes 1 community in Lake Forest and 18 nearby. The average cost per day of independent living in Illinois is around $70, with costs ranging between $19 and $119 per day. On a monthly basis, this equates to a mean expense of $2,092, with costs ranging from about $576 up to $3,575. The average annual cost is $25,109, which is higher than the national average of $23,100.
Independent living costs in Lake Forest range from $1,645 per month to $5,033 per month, with an average cost of approximately $2,692 per month. This equates to an annual cost of $32,307.
Located within Lake County, Lake Forest is a small city in the State of Illinois. It is part of the Chicago-Naperville-Joliet metropolitan statistical area. It has a total population of 20,925, with 6,987,494 inhabitants in the surrounding metro area. Those who are 55 and over compose approximately 32% of the community.
Lake Forest has a very high SeniorScore™ of 84. The city has a mean per capita income of $86,000. The mean household income is $133,000 in comparison to the average of $54,000 for the whole of Illinois. The current unemployment rate is about 7.16% and the mean home price is $1,215,000, which is higher than the Illinois average of $187,500.
Lake Forest has harsh mean temperatures, with cold winters and mildly warm summers. The area receives low levels of rainfall annually. Lake Forest has above average air quality ratings, moderate water quality ratings, and an exceptionally low rate of crime in comparison to similarly-sized cities.