Collinsville, IL vs Lake Villa, IL

There is a significant gap in the cost of living between these two cities. Collinsville is 28.4% cheaper than Lake Villa. With a cost index of 76 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Collinsville to Lake Villa should plan for substantially higher expenses across most categories.

On the housing front, median rent in Collinsville is $979/month compared to $1,430/month in Lake Villa — a 32% difference. Home values follow the same pattern: Collinsville is more affordable at $157,700 median vs $325,900.

Median household income in Collinsville is $65,170 compared to $111,110 in Lake Villa (-41.3%). While Lake Villa is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Collinsville spend roughly 18% of their income on rent, more than the 15.4% in Lake Villa.