Alexis, IL vs Elwood, IL

There is a significant gap in the cost of living between these two cities. Alexis is 27.9% cheaper than Elwood. With a cost index of 61 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alexis to Elwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alexis is $731/month compared to $986/month in Elwood — a 26% difference. Home values follow the same pattern: Alexis is more affordable at $89,900 median vs $224,900.

Median household income in Alexis is $79,583 compared to $73,640 in Elwood (+8.1%). Alexis offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alexis spend roughly 11% of their income on rent, less than the 16.1% in Elwood.