Libertyville, IL vs Oak Lawn, IL

There is a significant gap in the cost of living between these two cities. Oak Lawn is 26.5% cheaper than Libertyville. With a cost index of 98 vs 123, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Oak Lawn to Libertyville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Libertyville is $1,537/month compared to $1,310/month in Oak Lawn — a 17% difference. Home values follow the same pattern: Oak Lawn is more affordable at $267,900 median vs $499,300.

Median household income in Libertyville is $162,270 compared to $82,493 in Oak Lawn (+96.7%). 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 19.1% in Oak Lawn.

Climate-wise, Oak Lawn is notably warmer with an average of 52.1°F compared to 48.3°F in Libertyville. Libertyville receives more rainfall at 35.3" per year compared to 34.4" in Oak Lawn.