Libertyville, IL vs Wheaton, IL

Libertyville, IL and Wheaton, IL have a very similar cost of living, with only a 1.3% difference in their overall index. Libertyville scores 123 while Wheaton scores 125 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.

On the housing front, median rent in Libertyville is $1,537/month compared to $1,731/month in Wheaton — a 11% difference. Interestingly, home values tell a different story: while Libertyville has cheaper rent, Wheaton actually has lower median home values ($447,700 vs $499,300).

Median household income in Libertyville is $162,270 compared to $119,566 in Wheaton (+35.7%). Libertyville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Libertyville spend roughly 11.4% of their income on rent, less than the 17.4% in Wheaton.

Climate-wise, both cities share similar average temperatures (48.3°F vs 49.7°F). Libertyville receives more rainfall at 35.3" per year compared to 33.2" in Wheaton.