Lake of the Woods, IL vs Peoria Heights, IL

There is a significant gap in the cost of living between these two cities. Peoria Heights is 22.4% cheaper than Lake of the Woods. With a cost index of 69 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Peoria Heights 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 $921/month in Peoria Heights — a 30% difference. Home values follow the same pattern: Peoria Heights is more affordable at $118,000 median vs $194,300.

Median household income in Lake of the Woods is $69,054 compared to $62,083 in Peoria Heights (+11.2%). The higher salaries in Lake of the Woods partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lake of the Woods spend roughly 20.9% of their income on rent, more than the 17.8% in Peoria Heights.

Climate-wise, both cities share similar average temperatures (51.1°F vs 52.7°F). Lake of the Woods receives more rainfall at 39.6" per year compared to 37.6" in Peoria Heights.