Beach Park, IL vs Lakewood, IL

There is a significant gap in the cost of living between these two cities. Beach Park is 22.6% cheaper than Lakewood. With a cost index of 92 vs 118, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Beach Park to Lakewood should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Beach Park are $223,600 compared to $518,500 in Lakewood, a 57% gap.

Median household income in Beach Park is $83,069 compared to $185,774 in Lakewood (-55.3%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.