Colchester, IL vs Gillespie, IL

Colchester, IL and Gillespie, IL have a very similar cost of living, with only a 2.7% difference in their overall index. Colchester scores 65 while Gillespie scores 64 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 Colchester is $808/month compared to $756/month in Gillespie — a 7% difference. Interestingly, home values tell a different story: while Gillespie has cheaper rent, Colchester actually has lower median home values ($86,500 vs $89,500).

Median household income in Colchester is $62,500 compared to $76,806 in Gillespie (-18.6%). Gillespie offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Colchester spend roughly 15.5% of their income on rent, more than the 11.8% in Gillespie.