Belvidere, IL vs Olney, IL

Olney is moderately more affordable than Belvidere, with a 12.1% lower cost of living index. Belvidere scores 73 compared to 65 for Olney, where the US average is 100. This difference means residents of Belvidere can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Belvidere is $943/month compared to $769/month in Olney — a 23% difference. Home values follow the same pattern: Olney is more affordable at $96,900 median vs $153,100.

Median household income in Belvidere is $62,462 compared to $57,997 in Olney (+7.7%). The higher salaries in Belvidere 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 15.9% in Olney.