Belvidere, IL vs Oak Lawn, IL

There is a significant gap in the cost of living between these two cities. Belvidere is 25.5% cheaper than Oak Lawn. With a cost index of 73 vs 98, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Belvidere to Oak Lawn should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belvidere is $943/month compared to $1,310/month in Oak Lawn — a 28% difference. Home values follow the same pattern: Belvidere is more affordable at $153,100 median vs $267,900.

Median household income in Belvidere is $62,462 compared to $82,493 in Oak Lawn (-24.3%). The higher salaries in Oak Lawn partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Belvidere spend roughly 18.1% of their income on rent, less than the 19.1% in Oak Lawn.