Lakewood, IL vs The Galena Territory, IL

There is a significant gap in the cost of living between these two cities. The Galena Territory is 26.1% cheaper than Lakewood. With a cost index of 94 vs 118, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from The Galena Territory to Lakewood should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Lakewood are $518,500 compared to $311,000 in The Galena Territory, a 67% gap.

Median household income in Lakewood is $185,774 compared to $112,386 in The Galena Territory (+65.3%). 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 47.2°F). The Galena Territory receives more rainfall at 38.2" per year compared to 33.2" in Lakewood.