Aledo, IL vs Waterloo, IL

There is a significant gap in the cost of living between these two cities. Aledo is 16.6% cheaper than Waterloo. With a cost index of 66 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Aledo to Waterloo should plan for substantially higher expenses across most categories.

On the housing front, median rent in Aledo is $770/month compared to $873/month in Waterloo — a 12% difference. Home values follow the same pattern: Aledo is more affordable at $140,000 median vs $237,900.

Median household income in Aledo is $62,829 compared to $92,005 in Waterloo (-31.7%). While Waterloo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Aledo spend roughly 14.7% of their income on rent, more than the 11.4% in Waterloo.