Albion, IL vs Matherville, IL

Albion, IL and Matherville, IL have a very similar cost of living, with only a 0.2% difference in their overall index. Albion scores 66 while Matherville 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 $775/month in Matherville — a 4% difference. Interestingly, home values tell a different story: while Matherville has cheaper rent, Albion actually has lower median home values ($93,000 vs $136,200).

Median household income in Albion is $56,172 compared to $80,714 in Matherville (-30.4%). While Matherville 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 11.5% in Matherville.