Channel Lake, IL vs Lakemoor, IL

Channel Lake is moderately more affordable than Lakemoor, with a 9% lower cost of living index. Channel Lake scores 99 compared to 109 for Lakemoor, where the US average is 100. This difference means residents of Lakemoor can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Channel Lake is $1,526/month compared to $1,711/month in Lakemoor — a 11% difference. Home values follow the same pattern: Channel Lake is more affordable at $210,400 median vs $261,300.

Median household income in Channel Lake is $63,958 compared to $96,929 in Lakemoor (-34%). While Lakemoor is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Channel Lake spend roughly 28.6% of their income on rent, more than the 21.2% in Lakemoor.