Burr Ridge, IL vs Riverwoods, IL

Burr Ridge is moderately more affordable than Riverwoods, with a 6.9% lower cost of living index. Burr Ridge scores 184 compared to 197 for Riverwoods, where the US average is 100. This difference means residents of Riverwoods can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Burr Ridge is $3,000/month compared to $3,175/month in Riverwoods — a 6% difference. Home values follow the same pattern: Burr Ridge is more affordable at $694,800 median vs $796,100.

Median household income in Burr Ridge is $154,508 compared to $243,036 in Riverwoods (-36.4%). While Riverwoods is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Burr Ridge spend roughly 23.3% of their income on rent, more than the 15.7% in Riverwoods.