Harvard, IL vs Lake in the Hills, IL

There is a significant gap in the cost of living between these two cities. Harvard is 21.6% cheaper than Lake in the Hills. With a cost index of 86 vs 110, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Harvard to Lake in the Hills should plan for substantially higher expenses across most categories.

On the housing front, median rent in Harvard is $1,184/month compared to $1,634/month in Lake in the Hills — a 28% difference. Home values follow the same pattern: Harvard is more affordable at $174,000 median vs $296,400.

Median household income in Harvard is $71,418 compared to $113,491 in Lake in the Hills (-37.1%). While Lake in the Hills is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Harvard spend roughly 19.9% of their income on rent, more than the 17.3% in Lake in the Hills.

Climate-wise, both cities share similar average temperatures (49.4°F vs 49.7°F). Harvard receives more rainfall at 37.2" per year compared to 33.2" in Lake in the Hills.