Gages Lake, IL vs Niles, IL

Niles is moderately more affordable than Gages Lake, with a 9.8% lower cost of living index. Gages Lake scores 113 compared to 102 for Niles, where the US average is 100. This difference means residents of Gages Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gages Lake is $1,741/month compared to $1,247/month in Niles — a 40% difference. Interestingly, home values tell a different story: while Niles has cheaper rent, Gages Lake actually has lower median home values ($291,200 vs $350,900).

Median household income in Gages Lake is $105,114 compared to $78,563 in Niles (+33.8%). While Gages Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gages Lake spend roughly 19.9% of their income on rent, more than the 19% in Niles.

Climate-wise, Niles is notably warmer with an average of 51.3°F compared to 48.3°F in Gages Lake. Niles receives more rainfall at 37.9" per year compared to 35.3" in Gages Lake.