Colchester, IL vs Knoxville, IL

Colchester, IL and Knoxville, IL have a very similar cost of living, with only a 0.5% difference in their overall index. Colchester scores 65 while Knoxville 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 Colchester is $808/month compared to $675/month in Knoxville — a 20% difference. Interestingly, home values tell a different story: while Knoxville has cheaper rent, Colchester actually has lower median home values ($86,500 vs $139,900).

Median household income in Colchester is $62,500 compared to $80,385 in Knoxville (-22.2%). While Knoxville 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, more than the 10.1% in Knoxville.