Cedar Point, IL vs Woodlawn, IL

Cedar Point, IL and Woodlawn, IL have a very similar cost of living, with only a 3% difference in their overall index. Cedar Point scores 70 while Woodlawn scores 72 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 Cedar Point is $950/month compared to $905/month in Woodlawn — a 5% difference. Interestingly, home values tell a different story: while Woodlawn has cheaper rent, Cedar Point actually has lower median home values ($87,300 vs $130,500).

Median household income in Cedar Point is $59,028 compared to $70,455 in Woodlawn (-16.2%). While Woodlawn is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cedar Point spend roughly 19.3% of their income on rent, more than the 15.4% in Woodlawn.