Addison, IL vs Waukegan, IL

There is a significant gap in the cost of living between these two cities. Waukegan is 16.1% cheaper than Addison. With a cost index of 86 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waukegan to Addison should plan for substantially higher expenses across most categories.

On the housing front, median rent in Addison is $1,238/month compared to $1,163/month in Waukegan — a 6% difference. Home values follow the same pattern: Waukegan is more affordable at $177,600 median vs $318,000.

Median household income in Addison is $87,587 compared to $70,578 in Waukegan (+24.1%). While Addison is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Addison spend roughly 17% of their income on rent, less than the 19.8% in Waukegan.