Carpentersville, IL vs Hazel Crest, IL

Carpentersville, IL and Hazel Crest, IL have a very similar cost of living, with only a 3.2% difference in their overall index. Carpentersville scores 97 while Hazel Crest scores 94 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 Carpentersville is $1,420/month compared to $1,439/month in Hazel Crest — a 1% difference. Interestingly, home values tell a different story: while Carpentersville has cheaper rent, Hazel Crest actually has lower median home values ($181,400 vs $225,200).

Median household income in Carpentersville is $86,327 compared to $62,773 in Hazel Crest (+37.5%). While Carpentersville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carpentersville spend roughly 19.7% of their income on rent, less than the 27.5% in Hazel Crest.