Chillicothe, IL vs Elmwood, IL

Chillicothe, IL and Elmwood, IL have a very similar cost of living, with only a 0.3% difference in their overall index. Chillicothe scores 66 while Elmwood scores 66 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Chillicothe is $798/month compared to $761/month in Elmwood — a 5% difference. Interestingly, home values tell a different story: while Elmwood has cheaper rent, Chillicothe actually has lower median home values ($128,500 vs $144,600).

Median household income in Chillicothe is $62,108 compared to $87,644 in Elmwood (-29.1%). While Elmwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chillicothe spend roughly 15.4% of their income on rent, more than the 10.4% in Elmwood.