Carthage, IL vs Morrisonville, IL

Carthage, IL and Morrisonville, IL have a very similar cost of living, with only a 3.8% difference in their overall index. Carthage scores 64 while Morrisonville scores 66 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 $788/month in Morrisonville — a 14% difference. Interestingly, home values tell a different story: while Carthage has cheaper rent, Morrisonville actually has lower median home values ($105,900 vs $115,600).

Median household income in Carthage is $75,179 compared to $81,944 in Morrisonville (-8.3%). While Morrisonville 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 11.5% in Morrisonville.