Cambridge, IL vs Owaneco, IL

Owaneco is moderately more affordable than Cambridge, with a 8.6% lower cost of living index. Cambridge scores 73 compared to 67 for Owaneco, 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 $835/month in Owaneco — a 24% difference. Home values follow the same pattern: Owaneco is more affordable at $96,300 median vs $120,400.

Median household income in Cambridge is $72,292 compared to $66,875 in Owaneco (+8.1%). The higher salaries in Cambridge partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cambridge spend roughly 17.2% of their income on rent, more than the 15% in Owaneco.