Median rent is 21% lower in Hanover Park ($1,478/mo vs $1,879/mo). Buying is cheaper in Hanover Park, where the median home runs $260,900 versus $879,500. Households earn more in Hanover Park ($92,263 vs $80,366 a year).
City A
Hanover Park, IL
City B
Los Angeles, CA
How much would you need to earn in Los Angeles, CA to maintain your standard of living from Hanover Park, IL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Hanover Park
Illinois
Los Angeles
California
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Hanover Park — median rent of $1,478/mo versus $1,879/mo in Los Angeles, a 21% difference. Home buyers face a steeper market in Los Angeles: the median home is $879,500 versus $260,900 in Hanover Park — 70% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Illinois's top income tax rate is 4.95% versus 13.30% in California, so Hanover Park is more tax-friendly for high earners. Sales tax is 6.25% in Illinois and 7.25% in California; Hanover Park has the lower rate (local add-ons may apply in both).
Hanover Park
Income tax: 4.95%
Sales tax: 6.25%
Los Angeles
Income tax: 13.30%
Sales tax: 7.25%
Air quality data is available for Los Angeles (avg AQI 77.0) but not yet for Hanover Park.
Pick Hanover Park if you prioritize higher median household income ($92,263/yr).
Pick Hanover Park if you prioritize cheaper rent ($1,478/mo median).
Pick Hanover Park if you prioritize lower state income tax (4.95%).
Is Hanover Park cheaper than Los Angeles?
Cost of living index data is not yet available for one or both cities.
How much is rent in Hanover Park vs Los Angeles?
Median rent is $1,478/mo in Hanover Park, IL and $1,879/mo in Los Angeles, CA. Hanover Park, IL has the lower rent by about 21%.
Which has higher salaries — Hanover Park or Los Angeles?
Median household income is $92,263 in Hanover Park, IL and $80,366 in Los Angeles, CA. Hanover Park, IL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Hanover Park or Los Angeles?
Illinois's top income tax rate is 4.95% and California's is 13.30%. Hanover Park, IL has the lower rate.
What salary do I need in Los Angeles to match my Hanover Park income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology