Cambridge, IL vs Elizabeth, IL

Elizabeth is moderately more affordable than Cambridge, with a 10.7% lower cost of living index. Cambridge scores 73 compared to 66 for Elizabeth, where the US average is 100. This difference means residents of Cambridge can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cambridge is $1,039/month compared to $741/month in Elizabeth — a 40% difference. Home values follow the same pattern: Elizabeth is more affordable at $115,500 median vs $120,400.

Median household income in Cambridge is $72,292 compared to $47,500 in Elizabeth (+52.2%). While Cambridge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cambridge spend roughly 17.2% of their income on rent, less than the 18.7% in Elizabeth.