Forest Lake, IL vs Grandwood Park, IL

Forest Lake is moderately more affordable than Grandwood Park, with a 12.1% lower cost of living index. Forest Lake scores 102 compared to 116 for Grandwood Park, where the US average is 100. This difference means residents of Grandwood Park can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Forest Lake are $318,300 compared to $313,000 in Grandwood Park, a 2% gap.

Median household income in Forest Lake is $92,956 compared to $124,847 in Grandwood Park (-25.5%). While Grandwood Park 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 (50.8°F vs 48.3°F). Grandwood Park receives more rainfall at 35.3" per year compared to 32.3" in Forest Lake.