Alton, IL vs Savoy, IL

There is a significant gap in the cost of living between these two cities. Alton is 16.2% cheaper than Savoy. With a cost index of 70 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alton to Savoy should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alton is $948/month compared to $954/month in Savoy — a 1% difference. Home values follow the same pattern: Alton is more affordable at $99,500 median vs $280,700.

Median household income in Alton is $53,005 compared to $88,828 in Savoy (-40.3%). While Savoy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alton spend roughly 21.5% of their income on rent, more than the 12.9% in Savoy.