Chenoa, IL vs Lebanon, IL

There is a significant gap in the cost of living between these two cities. Chenoa is 15% cheaper than Lebanon. With a cost index of 67 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chenoa to Lebanon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chenoa is $835/month compared to $1,125/month in Lebanon — a 26% difference. Home values follow the same pattern: Chenoa is more affordable at $120,700 median vs $146,600.

Median household income in Chenoa is $66,625 compared to $84,766 in Lebanon (-21.4%). While Lebanon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chenoa spend roughly 15% of their income on rent, less than the 15.9% in Lebanon.