Lake in the Hills is a village in McHenry County, Illinois, and within the Chicagoland area. Its ideal location and small-town charm has made it an attractive option for retirees. Not only this, but residents have the option to enjoy their local attractions or take a trip to Chicago where they’ll find plenty of world-class amenities.
Climate & Geography
Lake in the Hills is a small village in Northern Illinois. Summers in the region are warm to hot and humid, while winters can be freezing with a lot of snow.
Illinois is known as a state defined by plains and flat land and this holds true in Lake in the Hills. This town is also home to plenty of small bodies of water which have beaches and nature areas for recreation.
Recreation, Culture & Entertainment
Residents enjoy taking advantage of the many outdoor activities available in Lake in the Hills. Also, they can continue to stay active by going to Boulder Ridge Golf Course of Terrace Hill Golf Course.
Lake in the Hills is home to two main shopping centers which are The Centre and Spring Hill Mall. Here, residents will find all the necessities they need including antique stores, restaurants, and more. There is also Tom’s Farm Market and Greenhouse for those interested in fresh fruits and vegetables.
Lake in the Hills hosts an annual festival called Summer Sunset Festival which offers great tasting food and live music. Not to mention, as a suburb of Chicago, visiting the world-class city is only a short drive away.
Cost of Living & Taxes
The overall cost of living in Lake in The Hills is slightly higher than the national average, while its median home cost is about the same as that of the U.S.
In Illinois, Social Security benefits and income from retirement plans are all exempt from taxation. Also, the state’s flat income tax rate is relatively low. Additionally, residents who are 65+ are eligible for certain tax breaks on their home, which can be up to $5,000. The combined sales tax rate in Lake in the Hills is 8 percent.
There are four highly rated hospitals and medical centers within a 10-mile radius of Lake in the Hills. They are Advocate Sherman Hospital, Advocate Good Shepherd Hospital, AMITA Health Saint Joseph Hospital, and Centegra Hospital-McHenry. Each of these are ranked high performing in at least three procedures by U.S News.