Gages Lake, IL vs Gurnee, IL

Gages Lake, IL and Gurnee, IL have a very similar cost of living, with only a 1.1% difference in their overall index. Gages Lake scores 113 while Gurnee scores 111 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Gages Lake is $1,741/month compared to $1,594/month in Gurnee — a 9% difference. Interestingly, home values tell a different story: while Gurnee has cheaper rent, Gages Lake actually has lower median home values ($291,200 vs $331,100).

Median household income in Gages Lake is $105,114 compared to $121,410 in Gurnee (-13.4%). Gurnee offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gages Lake spend roughly 19.9% of their income on rent, more than the 15.8% in Gurnee.

Climate-wise, both cities share similar average temperatures (48.3°F vs 48.3°F). Gurnee receives more rainfall at 35.3" per year compared to 35.3" in Gages Lake.