Altamont, IL vs Marengo, IL

There is a significant gap in the cost of living between these two cities. Altamont is 16.1% cheaper than Marengo. With a cost index of 72 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Altamont to Marengo should plan for substantially higher expenses across most categories.

On the housing front, median rent in Altamont is $898/month compared to $1,077/month in Marengo — a 17% difference. Home values follow the same pattern: Altamont is more affordable at $132,200 median vs $206,100.

Median household income in Altamont is $76,198 compared to $72,586 in Marengo (+5%). Altamont offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Altamont spend roughly 14.1% of their income on rent, less than the 17.8% in Marengo.