Canton, IL vs Lakewood, IL

The cost of living difference between Canton, IL and Lakewood, IL is dramatic. Canton is 43.4% cheaper than Lakewood, a gap that translates to thousands of dollars per year in household expenses. Canton has a cost index of 67 while Lakewood sits at 118, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Canton are $106,900 compared to $518,500 in Lakewood, a 79% gap.

Median household income in Canton is $54,881 compared to $185,774 in Lakewood (-70.5%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.