Addison, IL vs Palatine, IL

Addison is moderately more affordable than Palatine, with a 8.6% lower cost of living index. Addison scores 99 compared to 109 for Palatine, where the US average is 100. This difference means residents of Palatine can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Addison is $1,238/month compared to $1,467/month in Palatine — a 16% difference. Home values follow the same pattern: Addison is more affordable at $318,000 median vs $347,900.

Median household income in Addison is $87,587 compared to $95,950 in Palatine (-8.7%). While Palatine is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Addison spend roughly 17% of their income on rent, less than the 18.3% in Palatine.