Addison, IL vs Evanston, IL

There is a significant gap in the cost of living between these two cities. Addison is 21.1% cheaper than Evanston. With a cost index of 99 vs 126, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Addison to Evanston should plan for substantially higher expenses across most categories.

On the housing front, median rent in Addison is $1,238/month compared to $1,698/month in Evanston — a 27% difference. Home values follow the same pattern: Addison is more affordable at $318,000 median vs $472,300.

Median household income in Addison is $87,587 compared to $95,766 in Evanston (-8.5%). Evanston does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Addison spend roughly 17% of their income on rent, less than the 21.3% in Evanston.