Lakewood, IL vs Lincoln, IL

The cost of living difference between Lakewood, IL and Lincoln, IL is dramatic. Lincoln is 76.3% cheaper than Lakewood, a gap that translates to thousands of dollars per year in household expenses. Lakewood has a cost index of 118 while Lincoln sits at 67, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Lakewood are $518,500 compared to $111,600 in Lincoln, a 365% gap.

Median household income in Lakewood is $185,774 compared to $54,390 in Lincoln (+241.6%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, Lincoln is notably warmer with an average of 54°F compared to 49.7°F in Lakewood. Lincoln receives more rainfall at 38" per year compared to 33.2" in Lakewood.