Calumet Park, IL vs Homewood, IL

Calumet Park is moderately more affordable than Homewood, with a 10.9% lower cost of living index. Calumet Park scores 86 compared to 96 for Homewood, where the US average is 100. This difference means residents of Homewood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Calumet Park is $1,157/month compared to $1,422/month in Homewood — a 19% difference. Home values follow the same pattern: Calumet Park is more affordable at $180,800 median vs $210,500.

Median household income in Calumet Park is $57,389 compared to $96,522 in Homewood (-40.5%). While Homewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Calumet Park spend roughly 24.2% of their income on rent, more than the 17.7% in Homewood.