Albion, IL vs Tovey, IL

There is a significant gap in the cost of living between these two cities. Tovey is 16.5% cheaper than Albion. With a cost index of 56 vs 66, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Tovey to Albion should plan for substantially higher expenses across most categories.

On the housing front, median rent in Albion is $808/month compared to $541/month in Tovey — a 49% difference. Home values follow the same pattern: Tovey is more affordable at $78,200 median vs $93,000.

Median household income in Albion is $56,172 compared to $81,250 in Tovey (-30.9%). Tovey offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albion spend roughly 17.3% of their income on rent, more than the 8% in Tovey.