Elmwood, IL vs Winthrop Harbor, IL

There is a significant gap in the cost of living between these two cities. Elmwood is 29.6% cheaper than Winthrop Harbor. With a cost index of 66 vs 94, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elmwood to Winthrop Harbor should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elmwood is $761/month compared to $1,262/month in Winthrop Harbor — a 40% difference. Home values follow the same pattern: Elmwood is more affordable at $144,600 median vs $238,800.

Median household income in Elmwood is $87,644 compared to $94,221 in Winthrop Harbor (-7%). Winthrop Harbor does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Elmwood spend roughly 10.4% of their income on rent, less than the 16.1% in Winthrop Harbor.

Climate-wise, Elmwood is notably warmer with an average of 52.7°F compared to 48.3°F in Winthrop Harbor. Elmwood receives more rainfall at 37.6" per year compared to 35.3" in Winthrop Harbor.