Calumet Park, IL vs Preston Heights, IL

Calumet Park, IL and Preston Heights, IL have a very similar cost of living, with only a 1.1% difference in their overall index. Calumet Park scores 86 while Preston Heights scores 85 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Calumet Park is $1,157/month compared to $1,232/month in Preston Heights — a 6% difference. Interestingly, home values tell a different story: while Calumet Park has cheaper rent, Preston Heights actually has lower median home values ($141,400 vs $180,800).

Median household income in Calumet Park is $57,389 compared to $51,970 in Preston Heights (+10.4%). While Calumet Park 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, less than the 28.4% in Preston Heights.