Chatham, IL vs Colona, IL

There is a significant gap in the cost of living between these two cities. Colona is 21.9% cheaper than Chatham. With a cost index of 70 vs 86, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Colona to Chatham should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chatham is $1,157/month compared to $881/month in Colona — a 31% difference. Home values follow the same pattern: Colona is more affordable at $152,100 median vs $231,900.

Median household income in Chatham is $106,030 compared to $76,558 in Colona (+38.5%). While Chatham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chatham spend roughly 13.1% of their income on rent, less than the 13.8% in Colona.