Algonquin, IL vs Crestwood, IL

There is a significant gap in the cost of living between these two cities. Crestwood is 29% cheaper than Algonquin. With a cost index of 91 vs 117, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Crestwood to Algonquin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Algonquin is $1,800/month compared to $1,300/month in Crestwood — a 39% difference. Home values follow the same pattern: Crestwood is more affordable at $187,700 median vs $324,000.

Median household income in Algonquin is $131,753 compared to $68,686 in Crestwood (+91.8%). While Algonquin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Algonquin spend roughly 16.4% of their income on rent, less than the 22.7% in Crestwood.