Clifton, IL vs Lakewood Shores, IL

There is a significant gap in the cost of living between these two cities. Clifton is 18.8% cheaper than Lakewood Shores. With a cost index of 74 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clifton to Lakewood Shores should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clifton is $839/month compared to $1,339/month in Lakewood Shores — a 37% difference. Interestingly, home values tell a different story: while Clifton has cheaper rent, Lakewood Shores actually has lower median home values ($181,300 vs $184,100).

Median household income in Clifton is $69,276 compared to $76,500 in Lakewood Shores (-9.4%). The higher salaries in Lakewood Shores partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Clifton spend roughly 14.5% of their income on rent, less than the 21% in Lakewood Shores.