Altamont, IL vs Mounds, IL

Altamont is moderately more affordable than Mounds, with a 5.1% lower cost of living index. Altamont scores 72 compared to 76 for Mounds, where the US average is 100. This difference means residents of Mounds can expect to pay noticeably more for everyday expenses, housing, and services.

Renters will find that Altamont has a median rent of $898/month while Mounds comes in at $559/month, a 61% difference.

Median household income in Altamont is $76,198 compared to $27,333 in Mounds (+178.8%). 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 24.5% in Mounds.