Cambridge, IL vs Lake Carroll, IL

There is a significant gap in the cost of living between these two cities. Cambridge is 27.2% cheaper than Lake Carroll. With a cost index of 73 vs 100, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cambridge to Lake Carroll should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Cambridge are $120,400 compared to $317,900 in Lake Carroll, a 62% gap.

Median household income in Cambridge is $72,292 compared to $101,250 in Lake Carroll (-28.6%). While Lake Carroll is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.