Chatham, IL vs Pana, IL

The cost of living difference between Chatham, IL and Pana, IL is dramatic. Pana is 41.5% cheaper than Chatham, a gap that translates to thousands of dollars per year in household expenses. Chatham has a cost index of 86 while Pana sits at 61, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Chatham is $1,157/month compared to $670/month in Pana — a 73% difference. Home values follow the same pattern: Pana is more affordable at $82,000 median vs $231,900.

Median household income in Chatham is $106,030 compared to $45,083 in Pana (+135.2%). 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 17.8% in Pana.