Elwood, IL vs Lost Nation, IL

Elwood is moderately more affordable than Lost Nation, with a 8.2% lower cost of living index. Elwood scores 84 compared to 92 for Lost Nation, where the US average is 100. This difference means residents of Lost Nation can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Elwood are $224,900 compared to $220,600 in Lost Nation, a 2% gap.

Median household income in Elwood is $73,640 compared to $106,419 in Lost Nation (-30.8%). While Lost Nation is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, both cities share similar average temperatures (49.4°F vs 49.4°F). Lost Nation receives more rainfall at 37.2" per year compared to 33.8" in Elwood.