Lakewood Shores, IL vs Westlake Village, IL

Lakewood Shores, IL and Westlake Village, IL have a very similar cost of living, with only a 2.8% difference in their overall index. Lakewood Shores scores 91 while Westlake Village scores 89 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.

When it comes to buying, median home values in Lakewood Shores are $181,300 compared to $210,900 in Westlake Village, a 14% gap.

Median household income in Lakewood Shores is $76,500 compared to $143,424 in Westlake Village (-46.7%). Westlake Village offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Climate-wise, both cities share similar average temperatures (49.4°F vs 49.4°F). Westlake Village receives more rainfall at 37.2" per year compared to 33.8" in Lakewood Shores.