Bellmont, IL vs Shipman, IL

Bellmont, IL and Shipman, IL have a very similar cost of living, with only a 2.8% difference in their overall index. Bellmont scores 63 while Shipman scores 65 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 Bellmont is $840/month compared to $788/month in Shipman — a 7% difference. Interestingly, home values tell a different story: while Shipman has cheaper rent, Bellmont actually has lower median home values ($47,000 vs $92,500).

Median household income in Bellmont is $43,250 compared to $62,500 in Shipman (-30.8%). While Shipman is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bellmont spend roughly 23.3% of their income on rent, more than the 15.1% in Shipman.