Allerton, IL vs Thayer, IL

Allerton, IL and Thayer, IL have a very similar cost of living, with only a 4.1% difference in their overall index. Allerton scores 64 while Thayer scores 67 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 Allerton is $775/month compared to $919/month in Thayer — a 16% difference. Interestingly, home values tell a different story: while Allerton has cheaper rent, Thayer actually has lower median home values ($87,300 vs $106,700).

Median household income in Allerton is $51,667 compared to $63,125 in Thayer (-18.2%). While Thayer is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Allerton spend roughly 18% of their income on rent, more than the 17.5% in Thayer.