Belvidere, IL vs Savoy, IL

Belvidere is moderately more affordable than Savoy, with a 13.1% lower cost of living index. Belvidere scores 73 compared to 84 for Savoy, where the US average is 100. This difference means residents of Savoy 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 $954/month in Savoy — a 1% difference. Home values follow the same pattern: Belvidere is more affordable at $153,100 median vs $280,700.

Median household income in Belvidere is $62,462 compared to $88,828 in Savoy (-29.7%). While Savoy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belvidere spend roughly 18.1% of their income on rent, more than the 12.9% in Savoy.