Hanover Park, IL vs Waukegan, IL

There is a significant gap in the cost of living between these two cities. Waukegan is 19.1% cheaper than Hanover Park. With a cost index of 86 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waukegan to Hanover Park should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hanover Park is $1,478/month compared to $1,163/month in Waukegan — a 27% difference. Home values follow the same pattern: Waukegan is more affordable at $177,600 median vs $260,900.

Median household income in Hanover Park is $92,263 compared to $70,578 in Waukegan (+30.7%). While Hanover Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanover Park spend roughly 19.2% of their income on rent, less than the 19.8% in Waukegan.

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