Cerro Gordo, IL vs Shelbyville, IL

Cerro Gordo, IL and Shelbyville, IL have a very similar cost of living, with only a 3.8% difference in their overall index. Cerro Gordo scores 67 while Shelbyville scores 65 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 Cerro Gordo is $875/month compared to $724/month in Shelbyville — a 21% difference. Interestingly, home values tell a different story: while Shelbyville has cheaper rent, Cerro Gordo actually has lower median home values ($108,000 vs $111,200).

Median household income in Cerro Gordo is $69,118 compared to $54,400 in Shelbyville (+27.1%). While Cerro Gordo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cerro Gordo spend roughly 15.2% of their income on rent, less than the 16% in Shelbyville.