Third Lake, IL vs Wadsworth, IL

Third Lake, IL and Wadsworth, IL have a very similar cost of living, with only a 4.2% difference in their overall index. Third Lake scores 103 while Wadsworth scores 99 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.

When it comes to buying, median home values in Third Lake are $329,500 compared to $377,900 in Wadsworth, a 13% gap.

Median household income in Third Lake is $150,893 compared to $121,583 in Wadsworth (+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, both cities share similar average temperatures (48.3°F vs 48.3°F). Wadsworth receives more rainfall at 35.3" per year compared to 35.3" in Third Lake.