Candlewick Lake, IL vs Prospect Heights, IL

Candlewick Lake is moderately more affordable than Prospect Heights, with a 13.6% lower cost of living index. Candlewick Lake scores 92 compared to 107 for Prospect Heights, where the US average is 100. This difference means residents of Prospect Heights can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Candlewick Lake is $1,539/month compared to $1,391/month in Prospect Heights — a 11% difference. Interestingly, home values tell a different story: while Prospect Heights has cheaper rent, Candlewick Lake actually has lower median home values ($169,200 vs $347,500).

Median household income in Candlewick Lake is $94,820 compared to $91,599 in Prospect Heights (+3.5%). Candlewick Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Candlewick Lake spend roughly 19.5% of their income on rent, more than the 18.2% in Prospect Heights.