Long Lake, IL vs Newark, IL

Newark is moderately more affordable than Long Lake, with a 13.3% lower cost of living index. Long Lake scores 97 compared to 86 for Newark, where the US average is 100. This difference means residents of Long Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Long Lake is $1,529/month compared to $1,018/month in Newark — a 50% difference. Interestingly, home values tell a different story: while Newark has cheaper rent, Long Lake actually has lower median home values ($185,400 vs $234,800).

Median household income in Long Lake is $100,824 compared to $129,688 in Newark (-22.3%). Newark offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Long Lake spend roughly 18.2% of their income on rent, more than the 9.4% in Newark.

Climate-wise, both cities share similar average temperatures (48.3°F vs 49.4°F). Long Lake receives more rainfall at 35.3" per year compared to 33.8" in Newark.