Alma, IL vs Exeter, IL
There is a significant gap in the cost of living between these two cities. Alma is 16% cheaper than Exeter. With a cost index of 52 vs 62, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alma to Exeter should plan for substantially higher expenses across most categories.
On the housing front, median rent in Alma is $483/month compared to $683/month in Exeter — a 29% difference. Home values follow the same pattern: Alma is more affordable at $43,300 median vs $90,000.
Median household income in Alma is $50,500 compared to $57,143 in Exeter (-11.6%). The higher salaries in Exeter partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Alma spend roughly 11.5% of their income on rent, less than the 14.3% in Exeter.
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