Alma, IL vs Flanagan, IL

There is a significant gap in the cost of living between these two cities. Alma is 23.3% cheaper than Flanagan. With a cost index of 52 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alma to Flanagan should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alma is $483/month compared to $839/month in Flanagan — a 42% difference. Home values follow the same pattern: Alma is more affordable at $43,300 median vs $103,900.

Median household income in Alma is $50,500 compared to $75,104 in Flanagan (-32.8%). While Flanagan is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alma spend roughly 11.5% of their income on rent, less than the 13.4% in Flanagan.