Delavan, IL vs Lakewood, IL

The cost of living difference between Delavan, IL and Lakewood, IL is dramatic. Delavan is 45.7% cheaper than Lakewood, a gap that translates to thousands of dollars per year in household expenses. Delavan has a cost index of 64 while Lakewood sits at 118, 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.

When it comes to buying, median home values in Delavan are $118,400 compared to $518,500 in Lakewood, a 77% gap.

Median household income in Delavan is $69,038 compared to $185,774 in Lakewood (-62.8%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.