Can A Carpenter Afford Rent in Lake Forest, IL?
Rent-burdened — rent takes 99.8% of gross income.
Lake Forest rent: June 2026. Salary: BLS OEWS May 2024 (Illinois state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These Illinois cities have lower median rent than Lake Forest, which improves the affordability math on a carpenter salary:
Compare with full rent data for Lake Forest
View full rent data for Lake Forest, IL →Frequently asked questions
Can a carpenter afford rent in Lake Forest, IL?
Median rent in Lake Forest is $5,171 a month. A typical carpenter in Illinois earns about $62,159 a year, which makes that rent 99.8% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a carpenter afford in Lake Forest?
Using the 30% rule, a carpenter salary in Illinois (~$62,159/yr) supports up to $1,554 a month in rent. Lake Forest's current median rent is $5,171/mo, which is $3,617/mo over the affordability threshold.
How many hours does a carpenter work to cover rent in Lake Forest?
At an hourly equivalent of about $30 an hour, a carpenter in Illinois works roughly 173 hours a month to cover Lake Forest's median rent of $5,171.
Where is rent cheaper than Lake Forest for a carpenter?
Nearby Illinois cities with lower median rent include Wilmette ($4,246/mo), Wilmette ($4,223/mo), Wilmette ($4,213/mo). Each shifts the affordability math materially on a carpenter salary.