Lakewood, IL vs Venice, IL

The cost of living difference between Lakewood, IL and Venice, IL is dramatic. Venice is 82.4% cheaper than Lakewood, a gap that translates to thousands of dollars per year in household expenses. Lakewood has a cost index of 118 while Venice sits at 65, 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 $54,000 in Venice, a 860% gap.

Median household income in Lakewood is $185,774 compared to $34,609 in Venice (+436.8%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, Venice is notably warmer with an average of 56.5°F compared to 49.7°F in Lakewood. Venice receives more rainfall at 40.8" per year compared to 33.2" in Lakewood.