Avon, IL vs Lake of the Woods, IL

There is a significant gap in the cost of living between these two cities. Avon is 27.1% cheaper than Lake of the Woods. With a cost index of 61 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Avon to Lake of the Woods should plan for substantially higher expenses across most categories.

On the housing front, median rent in Avon is $750/month compared to $1,201/month in Lake of the Woods — a 38% difference. Home values follow the same pattern: Avon is more affordable at $60,000 median vs $194,300.

Median household income in Avon is $45,500 compared to $69,054 in Lake of the Woods (-34.1%). While Lake of the Woods is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Avon spend roughly 19.8% of their income on rent, less than the 20.9% in Lake of the Woods.