Most of Waukegan is in Lake County, where a full-time job needs to pay at least $65.55 an hour before taxes to take home four times the typical studio rent.
Across the 3 ZIP codes in Waukegan with HUD rent figures, studio rents run from $1,440 to $1,690 a month. At the middle rent, $1,540, a full-time job would need to pay $51.72 an hour before taxes.
What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.
| ZIP | County | Studio rent | Pay needed |
|---|---|---|---|
| 60079 | Lake County | $1,690/mo | $57.45/hr |
| 60085 | Lake County | $1,440/mo | $47.90/hr |
| 60087 | Lake County | $1,540/mo | $51.72/hr |
Under the Four Times Rent standard, a full-time job in Waukegan needs to pay at least $65.55 an hour before taxes, about $136,338 a year. That is the figure for Lake County, where the typical studio rent is $1,900 a month.
Yes. Across the 3 ZIP codes in Waukegan with HUD rent figures, studio rents run from $1,440 to $1,690 a month. At the middle rent of $1,540, the pay needed would be $51.72 an hour.
The minimum wage in Lake County is $15.00 an hour. The Four Times Rent standard there is 4.4 times that.
The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads