Carmi, IL vs Steeleville, IL

Carmi, IL and Steeleville, IL have a very similar cost of living, with only a 2.8% difference in their overall index. Carmi scores 68 while Steeleville scores 70 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Carmi is $863/month compared to $775/month in Steeleville — a 11% difference. Interestingly, home values tell a different story: while Steeleville has cheaper rent, Carmi actually has lower median home values ($98,700 vs $155,100).

Median household income in Carmi is $47,051 compared to $60,982 in Steeleville (-22.8%). While Steeleville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carmi spend roughly 22% of their income on rent, more than the 15.3% in Steeleville.