Monticello, IL vs Round Lake, IL

There is a significant gap in the cost of living between these two cities. Monticello is 22.7% cheaper than Round Lake. With a cost index of 79 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monticello to Round Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Monticello is $1,030/month compared to $1,494/month in Round Lake — a 31% difference. Home values follow the same pattern: Monticello is more affordable at $196,000 median vs $257,400.

Median household income in Monticello is $88,611 compared to $108,965 in Round Lake (-18.7%). The higher salaries in Round Lake partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Monticello spend roughly 13.9% of their income on rent, less than the 16.5% in Round Lake.

Climate-wise, both cities share similar average temperatures (51.1°F vs 48.3°F). Monticello receives more rainfall at 39.6" per year compared to 35.3" in Round Lake.