Chillicothe, IL vs Elwood, IL

There is a significant gap in the cost of living between these two cities. Chillicothe is 21.8% cheaper than Elwood. With a cost index of 66 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chillicothe to Elwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chillicothe is $798/month compared to $986/month in Elwood — a 19% difference. Home values follow the same pattern: Chillicothe is more affordable at $128,500 median vs $224,900.

Median household income in Chillicothe is $62,108 compared to $73,640 in Elwood (-15.7%). The higher salaries in Elwood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Chillicothe spend roughly 15.4% of their income on rent, less than the 16.1% in Elwood.