Albany, IL vs Tremont, IL

Albany is moderately more affordable than Tremont, with a 9.7% lower cost of living index. Albany scores 68 compared to 75 for Tremont, where the US average is 100. This difference means residents of Tremont can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albany is $721/month compared to $900/month in Tremont — a 20% difference. Home values follow the same pattern: Albany is more affordable at $147,800 median vs $200,600.

Median household income in Albany is $68,750 compared to $77,420 in Tremont (-11.2%). While Tremont is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albany spend roughly 12.6% of their income on rent, less than the 13.9% in Tremont.