New Baden, IL vs Third Lake, IL

There is a significant gap in the cost of living between these two cities. New Baden is 22.2% cheaper than Third Lake. With a cost index of 80 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Baden to Third Lake should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in New Baden are $160,600 compared to $329,500 in Third Lake, a 51% gap.

Median household income in New Baden is $77,542 compared to $150,893 in Third Lake (-48.6%). While Third Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, New Baden is notably warmer with an average of 57.7°F compared to 48.3°F in Third Lake. New Baden receives more rainfall at 43.4" per year compared to 35.3" in Third Lake.