Atwood, IL vs Panama, IL

Atwood, IL and Panama, IL have a very similar cost of living, with only a 0.9% difference in their overall index. Atwood scores 64 while Panama scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Atwood is $743/month compared to $833/month in Panama — a 11% difference. Interestingly, home values tell a different story: while Atwood has cheaper rent, Panama actually has lower median home values ($60,800 vs $119,500).

Median household income in Atwood is $58,875 compared to $60,096 in Panama (-2%). Panama offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Atwood spend roughly 15.1% of their income on rent, less than the 16.6% in Panama.