Channel Lake, IL vs Millington, IL

There is a significant gap in the cost of living between these two cities. Millington is 15.3% cheaper than Channel Lake. With a cost index of 86 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Millington to Channel Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Channel Lake is $1,526/month compared to $1,104/month in Millington — a 38% difference. Home values follow the same pattern: Millington is more affordable at $205,700 median vs $210,400.

Median household income in Channel Lake is $63,958 compared to $79,767 in Millington (-19.8%). Millington offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Channel Lake spend roughly 28.6% of their income on rent, more than the 16.6% in Millington.