Belvidere, IL vs Harwood Heights, IL

There is a significant gap in the cost of living between these two cities. Belvidere is 25.2% cheaper than Harwood Heights. With a cost index of 73 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Belvidere to Harwood Heights should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belvidere is $943/month compared to $1,166/month in Harwood Heights — a 19% difference. Home values follow the same pattern: Belvidere is more affordable at $153,100 median vs $316,400.

Median household income in Belvidere is $62,462 compared to $79,651 in Harwood Heights (-21.6%). The higher salaries in Harwood Heights partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Belvidere spend roughly 18.1% of their income on rent, more than the 17.6% in Harwood Heights.