Island Lake, IL vs Maywood, IL

There is a significant gap in the cost of living between these two cities. Maywood is 24.7% cheaper than Island Lake. With a cost index of 90 vs 112, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Maywood to Island Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Island Lake is $1,855/month compared to $1,203/month in Maywood — a 54% difference. Home values follow the same pattern: Maywood is more affordable at $212,600 median vs $241,900.

Median household income in Island Lake is $98,125 compared to $66,498 in Maywood (+47.6%). While Island Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Island Lake spend roughly 22.7% of their income on rent, more than the 21.7% in Maywood.

Climate-wise, both cities share similar average temperatures (50.8°F vs 52.1°F). Maywood receives more rainfall at 34.4" per year compared to 32.3" in Island Lake.