Belvidere, IL vs Monmouth, IL

There is a significant gap in the cost of living between these two cities. Monmouth is 20% cheaper than Belvidere. With a cost index of 61 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monmouth to Belvidere should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belvidere is $943/month compared to $652/month in Monmouth — a 45% difference. Home values follow the same pattern: Monmouth is more affordable at $88,100 median vs $153,100.

Median household income in Belvidere is $62,462 compared to $59,690 in Monmouth (+4.6%). Belvidere 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, more than the 13.1% in Monmouth.