Albion, IL vs Chillicothe, IL
Albion, IL and Chillicothe, IL have a very similar cost of living, with only a 0.2% difference in their overall index. Albion scores 66 while Chillicothe scores 66 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 Albion is $808/month compared to $798/month in Chillicothe — a 1% difference. Interestingly, home values tell a different story: while Chillicothe has cheaper rent, Albion actually has lower median home values ($93,000 vs $128,500).
Median household income in Albion is $56,172 compared to $62,108 in Chillicothe (-9.6%). While Chillicothe is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albion spend roughly 17.3% of their income on rent, more than the 15.4% in Chillicothe.
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