Crestwood, IL vs Highland Park, IL

The cost of living difference between Crestwood, IL and Highland Park, IL is dramatic. Crestwood is 36.3% cheaper than Highland Park, a gap that translates to thousands of dollars per year in household expenses. Crestwood has a cost index of 91 while Highland Park sits at 142, 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 Crestwood is $1,300/month compared to $1,903/month in Highland Park — a 32% difference. Home values follow the same pattern: Crestwood is more affordable at $187,700 median vs $594,400.

Median household income in Crestwood is $68,686 compared to $161,875 in Highland Park (-57.6%). While Highland Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Crestwood spend roughly 22.7% of their income on rent, more than the 14.1% in Highland Park.