Oak Park, IL vs Round Lake, IL

Round Lake is moderately more affordable than Oak Park, with a 14.8% lower cost of living index. Oak Park scores 117 compared to 102 for Round Lake, where the US average is 100. This difference means residents of Oak Park can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Oak Park is $1,456/month compared to $1,494/month in Round Lake — a 3% difference. Interestingly, home values tell a different story: while Oak Park has cheaper rent, Round Lake actually has lower median home values ($257,400 vs $456,300).

Median household income in Oak Park is $108,026 compared to $108,965 in Round Lake (-0.9%). Round Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Oak Park spend roughly 16.2% of their income on rent, less than the 16.5% in Round Lake.

Climate-wise, Oak Park is notably warmer with an average of 52.1°F compared to 48.3°F in Round Lake. Round Lake receives more rainfall at 35.3" per year compared to 34.4" in Oak Park.