Lockport, IL vs Savoy, IL

There is a significant gap in the cost of living between these two cities. Savoy is 26.6% cheaper than Lockport. With a cost index of 84 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Savoy to Lockport should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lockport is $1,503/month compared to $954/month in Savoy — a 58% difference. Home values follow the same pattern: Savoy is more affordable at $280,700 median vs $298,800.

Median household income in Lockport is $113,252 compared to $88,828 in Savoy (+27.5%). While Lockport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lockport spend roughly 15.9% of their income on rent, more than the 12.9% in Savoy.

Climate-wise, both cities share similar average temperatures (52.1°F vs 52.5°F). Savoy receives more rainfall at 37" per year compared to 34.4" in Lockport.