Colchester, IL vs Edgewood, IL

Edgewood is moderately more affordable than Colchester, with a 11.5% lower cost of living index. Colchester scores 65 compared to 59 for Edgewood, where the US average is 100. This difference means residents of Colchester can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Colchester is $808/month compared to $625/month in Edgewood — a 29% difference. Home values follow the same pattern: Edgewood is more affordable at $72,500 median vs $86,500.

Median household income in Colchester is $62,500 compared to $42,188 in Edgewood (+48.1%). While Colchester is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colchester spend roughly 15.5% of their income on rent, less than the 17.8% in Edgewood.