Lake of the Woods, IN vs Ontario, IN

There is a significant gap in the cost of living between these two cities. Lake of the Woods is 19% cheaper than Ontario. With a cost index of 79 vs 98, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lake of the Woods to Ontario should plan for substantially higher expenses across most categories.

Median household income in Lake of the Woods is $64,375 compared to $82,557 in Ontario (-22%). While Ontario is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.