Lake Ka-Ho, IL vs Tovey, IL

Lake Ka-Ho, IL and Tovey, IL have a very similar cost of living, with only a 0.2% difference in their overall index. Lake Ka-Ho scores 57 while Tovey scores 56 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lake Ka-Ho is $613/month compared to $541/month in Tovey — a 13% difference. Interestingly, home values tell a different story: while Tovey has cheaper rent, Lake Ka-Ho actually has lower median home values ($57,200 vs $78,200).

Median household income in Lake Ka-Ho is $43,750 compared to $81,250 in Tovey (-46.2%). Tovey offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lake Ka-Ho spend roughly 16.8% of their income on rent, more than the 8% in Tovey.

Climate-wise, both cities share similar average temperatures (56.1°F vs 54°F). Lake Ka-Ho receives more rainfall at 39.4" per year compared to 38" in Tovey.