Chatham, IL vs Lake Holiday, IL

There is a significant gap in the cost of living between these two cities. Chatham is 23.1% cheaper than Lake Holiday. With a cost index of 86 vs 112, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chatham to Lake Holiday should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chatham is $1,157/month compared to $1,859/month in Lake Holiday — a 38% difference. Home values follow the same pattern: Chatham is more affordable at $231,900 median vs $235,300.

Median household income in Chatham is $106,030 compared to $112,250 in Lake Holiday (-5.5%). Lake Holiday does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Chatham spend roughly 13.1% of their income on rent, less than the 19.9% in Lake Holiday.