Cedar Point, IL vs New Boston, IL
There is a significant gap in the cost of living between these two cities. New Boston is 28.6% cheaper than Cedar Point. With a cost index of 54 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Boston to Cedar Point should plan for substantially higher expenses across most categories.
On the housing front, median rent in Cedar Point is $950/month compared to $483/month in New Boston — a 97% difference. Interestingly, home values tell a different story: while New Boston has cheaper rent, Cedar Point actually has lower median home values ($87,300 vs $100,700).
Median household income in Cedar Point is $59,028 compared to $61,563 in New Boston (-4.1%). New Boston offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cedar Point spend roughly 19.3% of their income on rent, more than the 9.4% in New Boston.
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