Bement, IL vs Greenwood, IL

The cost of living difference between Bement, IL and Greenwood, IL is dramatic. Bement is 42.7% cheaper than Greenwood, a gap that translates to thousands of dollars per year in household expenses. Bement has a cost index of 63 while Greenwood sits at 111, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bement is $772/month compared to $1,370/month in Greenwood — a 44% difference. Home values follow the same pattern: Bement is more affordable at $101,200 median vs $407,300.

Median household income in Bement is $79,583 compared to $138,750 in Greenwood (-42.6%). The higher salaries in Greenwood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Bement spend roughly 11.6% of their income on rent, less than the 11.8% in Greenwood.