Claremont, IL vs Lakewood Shores, IL

The cost of living difference between Claremont, IL and Lakewood Shores, IL is dramatic. Claremont is 33.6% cheaper than Lakewood Shores, a gap that translates to thousands of dollars per year in household expenses. Claremont has a cost index of 61 while Lakewood Shores sits at 91, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Claremont is $765/month compared to $1,339/month in Lakewood Shores — a 43% difference. Home values follow the same pattern: Claremont is more affordable at $46,500 median vs $181,300.

Median household income in Claremont is $38,250 compared to $76,500 in Lakewood Shores (-50%). While Lakewood Shores is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Claremont spend roughly 24% of their income on rent, more than the 21% in Lakewood Shores.