Cherry Valley, IL vs Greenfield, IL

Greenfield is moderately more affordable than Cherry Valley, with a 14.6% lower cost of living index. Cherry Valley scores 76 compared to 67 for Greenfield, where the US average is 100. This difference means residents of Cherry Valley can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cherry Valley is $871/month compared to $833/month in Greenfield — a 5% difference. Home values follow the same pattern: Greenfield is more affordable at $97,600 median vs $222,400.

Median household income in Cherry Valley is $74,766 compared to $70,469 in Greenfield (+6.1%). Cherry Valley does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Cherry Valley spend roughly 14% of their income on rent, less than the 14.2% in Greenfield.