Irving, IL vs Third Lake, IL

The cost of living difference between Irving, IL and Third Lake, IL is dramatic. Irving is 49.7% cheaper than Third Lake, a gap that translates to thousands of dollars per year in household expenses. Irving has a cost index of 52 while Third Lake sits at 103, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Irving are $44,600 compared to $329,500 in Third Lake, a 87% gap.

Median household income in Irving is $46,250 compared to $150,893 in Third Lake (-69.3%). While Third Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, Irving is notably warmer with an average of 54°F compared to 48.3°F in Third Lake. Irving receives more rainfall at 38" per year compared to 35.3" in Third Lake.