Libertyville, IL vs Mount Carmel, IL

The cost of living difference between Libertyville, IL and Mount Carmel, IL is dramatic. Mount Carmel is 94% cheaper than Libertyville, a gap that translates to thousands of dollars per year in household expenses. Libertyville has a cost index of 123 while Mount Carmel sits at 64, 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.

On the housing front, median rent in Libertyville is $1,537/month compared to $750/month in Mount Carmel — a 105% difference. Home values follow the same pattern: Mount Carmel is more affordable at $88,500 median vs $499,300.

Median household income in Libertyville is $162,270 compared to $45,884 in Mount Carmel (+253.7%). While Libertyville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Libertyville spend roughly 11.4% of their income on rent, less than the 19.6% in Mount Carmel.

Climate-wise, Mount Carmel is notably warmer with an average of 55.7°F compared to 48.3°F in Libertyville. Mount Carmel receives more rainfall at 41.7" per year compared to 35.3" in Libertyville.