Lake Summerset, IL vs Winthrop Harbor, IL

Lake Summerset is moderately more affordable than Winthrop Harbor, with a 7.5% lower cost of living index. Lake Summerset scores 87 compared to 94 for Winthrop Harbor, where the US average is 100. This difference means residents of Winthrop Harbor can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lake Summerset is $1,206/month compared to $1,262/month in Winthrop Harbor — a 4% difference. Home values follow the same pattern: Lake Summerset is more affordable at $226,700 median vs $238,800.

Median household income in Lake Summerset is $105,588 compared to $94,221 in Winthrop Harbor (+12.1%). Lake Summerset 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 Summerset spend roughly 13.7% of their income on rent, less than the 16.1% in Winthrop Harbor.

Climate-wise, both cities share similar average temperatures (49.4°F vs 48.3°F). Lake Summerset receives more rainfall at 37.2" per year compared to 35.3" in Winthrop Harbor.