Carthage, IL vs Hanover, IL

Carthage, IL and Hanover, IL have a very similar cost of living, with only a 0.3% difference in their overall index. Carthage scores 64 while Hanover scores 63 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 Carthage is $679/month compared to $751/month in Hanover — a 10% difference. Interestingly, home values tell a different story: while Carthage has cheaper rent, Hanover actually has lower median home values ($86,200 vs $115,600).

Median household income in Carthage is $75,179 compared to $39,583 in Hanover (+89.9%). While Carthage is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carthage spend roughly 10.8% of their income on rent, less than the 22.8% in Hanover.