Lake of the Woods, IL vs Millington, IL

Lake of the Woods, IL and Millington, IL have a very similar cost of living, with only a 2.5% difference in their overall index. Lake of the Woods scores 84 while Millington scores 86 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 of the Woods is $1,201/month compared to $1,104/month in Millington — a 9% difference. Interestingly, home values tell a different story: while Millington has cheaper rent, Lake of the Woods actually has lower median home values ($194,300 vs $205,700).

Median household income in Lake of the Woods is $69,054 compared to $79,767 in Millington (-13.4%). While Millington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lake of the Woods spend roughly 20.9% of their income on rent, more than the 16.6% in Millington.

Climate-wise, both cities share similar average temperatures (51.1°F vs 49.4°F). Lake of the Woods receives more rainfall at 39.6" per year compared to 33.8" in Millington.