Altamont, IL vs Salem, IL

Salem is moderately more affordable than Altamont, with a 11% lower cost of living index. Altamont scores 72 compared to 65 for Salem, where the US average is 100. This difference means residents of Altamont can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Altamont is $898/month compared to $752/month in Salem — a 19% difference. Home values follow the same pattern: Salem is more affordable at $99,800 median vs $132,200.

Median household income in Altamont is $76,198 compared to $57,083 in Salem (+33.5%). While Altamont is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Altamont spend roughly 14.1% of their income on rent, less than the 15.8% in Salem.