Smithton, IL vs Third Lake, IL

There is a significant gap in the cost of living between these two cities. Smithton is 22.4% 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 Smithton to Third Lake should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Smithton are $251,600 compared to $329,500 in Third Lake, a 24% gap.

Median household income in Smithton is $114,453 compared to $150,893 in Third Lake (-24.1%). While Third Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

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