Lake of the Woods, IL vs Murrayville, IL

There is a significant gap in the cost of living between these two cities. Murrayville is 27.1% cheaper than Lake of the Woods. With a cost index of 66 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Murrayville to Lake of the Woods should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake of the Woods is $1,201/month compared to $788/month in Murrayville — a 52% difference. Home values follow the same pattern: Murrayville is more affordable at $106,000 median vs $194,300.

Median household income in Lake of the Woods is $69,054 compared to $49,615 in Murrayville (+39.2%). While Lake of the Woods 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 19.1% in Murrayville.

Climate-wise, both cities share similar average temperatures (51.1°F vs 54°F). Lake of the Woods receives more rainfall at 39.6" per year compared to 38" in Murrayville.