Carbon Hill, IL vs Lily Lake, IL

There is a significant gap in the cost of living between these two cities. Carbon Hill is 17.8% cheaper than Lily Lake. With a cost index of 91 vs 111, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carbon Hill to Lily Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carbon Hill is $1,229/month compared to $1,438/month in Lily Lake — a 15% difference. Home values follow the same pattern: Carbon Hill is more affordable at $217,100 median vs $379,300.

Median household income in Carbon Hill is $100,368 compared to $145,192 in Lily Lake (-30.9%). While Lily Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carbon Hill spend roughly 14.7% of their income on rent, more than the 11.9% in Lily Lake.