Carrollton, IL vs Hanover, IL

Hanover is moderately more affordable than Carrollton, with a 11.7% lower cost of living index. Carrollton scores 71 compared to 63 for Hanover, where the US average is 100. This difference means residents of Carrollton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Carrollton is $920/month compared to $751/month in Hanover — a 23% difference. Home values follow the same pattern: Hanover is more affordable at $86,200 median vs $114,100.

Median household income in Carrollton is $64,464 compared to $39,583 in Hanover (+62.9%). While Carrollton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carrollton spend roughly 17.1% of their income on rent, less than the 22.8% in Hanover.