Lakewood, IL vs Midlothian, IL

The cost of living difference between Lakewood, IL and Midlothian, IL is dramatic. Midlothian is 33.4% cheaper than Lakewood, a gap that translates to thousands of dollars per year in household expenses. Lakewood has a cost index of 118 while Midlothian sits at 89, 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 $200,300 in Midlothian, a 159% gap.

Median household income in Lakewood is $185,774 compared to $67,872 in Midlothian (+173.7%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, both cities share similar average temperatures (49.7°F vs 52.1°F). Midlothian receives more rainfall at 34.4" per year compared to 33.2" in Lakewood.