Island Lake, IL vs Savanna, IL

The cost of living difference between Island Lake, IL and Savanna, IL is dramatic. Savanna is 76.8% cheaper than Island Lake, a gap that translates to thousands of dollars per year in household expenses. Island Lake has a cost index of 112 while Savanna sits at 63, 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.

On the housing front, median rent in Island Lake is $1,855/month compared to $777/month in Savanna — a 139% difference. Home values follow the same pattern: Savanna is more affordable at $75,000 median vs $241,900.

Median household income in Island Lake is $98,125 compared to $46,094 in Savanna (+112.9%). 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 20.2% in Savanna.

Climate-wise, Island Lake is notably warmer with an average of 50.8°F compared to 47.2°F in Savanna. Savanna receives more rainfall at 38.2" per year compared to 32.3" in Island Lake.