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Grayslake, IL vs Wheaton, IL

103
Grayslake
Illinois
VS
-17.3%
125
Wheaton
Illinois

There is a significant gap in the cost of living between these two cities. Grayslake is 17.3% cheaper than Wheaton. With a cost index of 103 vs 125, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Grayslake to Wheaton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Grayslake is $1,434/month compared to $1,731/month in Wheaton — a 17% difference. Home values follow the same pattern: Grayslake is more affordable at $293,900 median vs $447,700.

Median household income in Grayslake is $113,697 compared to $119,566 in Wheaton (-4.9%). Wheaton 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 Grayslake spend roughly 15.1% of their income on rent, less than the 17.4% in Wheaton.

Climate-wise, both cities share similar average temperatures (48.3°F vs 49.7°F). Grayslake receives more rainfall at 35.3" per year compared to 33.2" in Wheaton.

Income & Cost

Cost of Living Index
Grayslake
103
17% cheaper
Wheaton
125
Median Household Income
Grayslake
$113,697
Wheaton
$119,566
5% higher

Housing

Median Rent
Grayslake
$1,434
17% cheaper
Wheaton
$1,731
Median Home Value
Grayslake
$293,900
34% cheaper
Wheaton
$447,700
Population
Grayslake
20,707
Wheaton
53,453

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Grayslake $3.20
Wheaton $3.20
US $3.07
🥚
Eggs (grade A, large)
Grayslake $2.61
Wheaton $2.61
US $2.50
🥛
Milk (whole)
Grayslake $4.20
Wheaton $4.20
US $4.03
🍞
Bread (white)
Grayslake $1.93
Wheaton $1.93
US $1.85
🍗
Chicken breast
Grayslake $4.32
Wheaton $4.32
US $4.14
Electricity
Grayslake $0.15
Wheaton $0.15
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Grayslake 48.3°F
Wheaton 49.7°F
Summer High
Grayslake 81°F
Wheaton 84°F
Winter Low
Grayslake 16°F
Wheaton 16°F
Rainfall
Grayslake 35.3"
Wheaton 33.2"
Rainy Days
Grayslake 129d
Wheaton 121d