Hazel Crest, IL vs Lakewood, IL

There is a significant gap in the cost of living between these two cities. Hazel Crest is 20.3% cheaper than Lakewood. With a cost index of 94 vs 118, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hazel Crest to Lakewood should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Hazel Crest are $181,400 compared to $518,500 in Lakewood, a 65% gap.

Median household income in Hazel Crest is $62,773 compared to $185,774 in Lakewood (-66.2%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, both cities share similar average temperatures (52.1°F vs 49.7°F). Hazel Crest receives more rainfall at 34.4" per year compared to 33.2" in Lakewood.