Bement, IL vs Rankin, IL

Rankin is moderately more affordable than Bement, with a 8.9% lower cost of living index. Bement scores 63 compared to 58 for Rankin, where the US average is 100. This difference means residents of Bement can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bement is $772/month compared to $718/month in Rankin — a 8% difference. Home values follow the same pattern: Rankin is more affordable at $57,700 median vs $101,200.

Median household income in Bement is $79,583 compared to $47,125 in Rankin (+68.9%). While Bement is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bement spend roughly 11.6% of their income on rent, less than the 18.3% in Rankin.