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Northlake, IL vs Peotone, IL

91
Northlake
Illinois
VS
+0.4%
91
Peotone
Illinois

Northlake, IL and Peotone, IL have a very similar cost of living, with only a 0.4% difference in their overall index. Northlake scores 91 while Peotone scores 91 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 Northlake is $1,164/month compared to $1,102/month in Peotone — a 6% difference. Interestingly, home values tell a different story: while Peotone has cheaper rent, Northlake actually has lower median home values ($242,400 vs $261,400).

Median household income in Northlake is $77,564 compared to $104,792 in Peotone (-26%). Peotone offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Northlake spend roughly 18% of their income on rent, more than the 12.6% in Peotone.

Climate-wise, both cities share similar average temperatures (51.3°F vs 52.1°F). Northlake receives more rainfall at 37.9" per year compared to 34.4" in Peotone.

Income & Cost

Cost of Living Index
Northlake
91
Peotone
91
Median Household Income
Northlake
$77,564
Peotone
$104,792
26% higher

Housing

Median Rent
Northlake
$1,164
Peotone
$1,102
5% cheaper
Median Home Value
Northlake
$242,400
7% cheaper
Peotone
$261,400
Population
Northlake
12,547
Peotone
4,462

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Northlake $3.20
Peotone $3.20
US $3.07
🥚
Eggs (grade A, large)
Northlake $2.61
Peotone $2.61
US $2.50
🥛
Milk (whole)
Northlake $4.20
Peotone $4.20
US $4.03
🍞
Bread (white)
Northlake $1.93
Peotone $1.93
US $1.85
🍗
Chicken breast
Northlake $4.32
Peotone $4.32
US $4.14
Electricity
Northlake $0.15
Peotone $0.15
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Northlake 51.3°F
Peotone 52.1°F
Summer High
Northlake 85°F
Peotone 85°F
Winter Low
Northlake 19°F
Peotone 19°F
Rainfall
Northlake 37.9"
Peotone 34.4"
Rainy Days
Northlake 126d
Peotone 121d