Chapin, IL vs New Canton, IL

There is a significant gap in the cost of living between these two cities. New Canton is 24.7% cheaper than Chapin. With a cost index of 55 vs 69, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Canton to Chapin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chapin is $945/month compared to $525/month in New Canton — a 80% difference. Home values follow the same pattern: New Canton is more affordable at $72,100 median vs $83,800.

Median household income in Chapin is $69,213 compared to $37,031 in New Canton (+86.9%). While Chapin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chapin spend roughly 16.4% of their income on rent, less than the 17% in New Canton.