Preston Heights, IL vs Ringwood, IL

Preston Heights is moderately more affordable than Ringwood, with a 12.3% lower cost of living index. Preston Heights scores 85 compared to 97 for Ringwood, where the US average is 100. This difference means residents of Ringwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Preston Heights is $1,232/month compared to $1,021/month in Ringwood — a 21% difference. Interestingly, home values tell a different story: while Ringwood has cheaper rent, Preston Heights actually has lower median home values ($141,400 vs $364,700).

Median household income in Preston Heights is $51,970 compared to $157,500 in Ringwood (-67%). While Ringwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Preston Heights spend roughly 28.4% of their income on rent, more than the 7.8% in Ringwood.

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