Belvidere, IL vs Glenwood, IL

There is a significant gap in the cost of living between these two cities. Belvidere is 27.7% cheaper than Glenwood. With a cost index of 73 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Belvidere to Glenwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belvidere is $943/month compared to $1,639/month in Glenwood — a 43% difference. Home values follow the same pattern: Belvidere is more affordable at $153,100 median vs $182,900.

Median household income in Belvidere is $62,462 compared to $71,376 in Glenwood (-12.5%). Glenwood does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Belvidere spend roughly 18.1% of their income on rent, less than the 27.6% in Glenwood.