Lake Villa, IL vs Westmont, IL

Lake Villa, IL and Westmont, IL have a very similar cost of living, with only a 3.2% difference in their overall index. Lake Villa scores 106 while Westmont scores 109 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 Villa is $1,430/month compared to $1,427/month in Westmont — a 0% difference. Interestingly, home values tell a different story: while Westmont has cheaper rent, Lake Villa actually has lower median home values ($325,900 vs $369,100).

Median household income in Lake Villa is $111,110 compared to $83,622 in Westmont (+32.9%). Lake Villa 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 Villa spend roughly 15.4% of their income on rent, less than the 20.5% in Westmont.

Climate-wise, Westmont is notably warmer with an average of 52.1°F compared to 48.3°F in Lake Villa. Lake Villa receives more rainfall at 35.3" per year compared to 34.4" in Westmont.