Albany, IL vs Elliott, IL

Albany, IL and Elliott, IL have a very similar cost of living, with only a 3.6% difference in their overall index. Albany scores 68 while Elliott scores 70 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.

On the housing front, median rent in Albany is $721/month compared to $1,045/month in Elliott — a 31% difference. Interestingly, home values tell a different story: while Albany has cheaper rent, Elliott actually has lower median home values ($81,800 vs $147,800).

Median household income in Albany is $68,750 compared to $48,750 in Elliott (+41%). Albany offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albany spend roughly 12.6% of their income on rent, less than the 25.7% in Elliott.