Libertyville, IL vs University Park, IL

The cost of living difference between Libertyville, IL and University Park, IL is dramatic. University Park is 31.9% cheaper than Libertyville, a gap that translates to thousands of dollars per year in household expenses. Libertyville has a cost index of 123 while University Park sits at 94, 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 $1,530/month in University Park — a 1% difference. Home values follow the same pattern: University Park is more affordable at $137,800 median vs $499,300.

Median household income in Libertyville is $162,270 compared to $65,580 in University Park (+147.4%). 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 28% in University Park.

Climate-wise, University Park 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 University Park.