Colchester, IL vs London Mills, IL

Colchester is moderately more affordable than London Mills, with a 5.3% lower cost of living index. Colchester scores 65 compared to 69 for London Mills, where the US average is 100. This difference means residents of London Mills 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 $1,013/month in London Mills — a 20% difference. Interestingly, home values tell a different story: while Colchester has cheaper rent, London Mills actually has lower median home values ($54,800 vs $86,500).

Median household income in Colchester is $62,500 compared to $52,656 in London Mills (+18.7%). Colchester 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, less than the 23.1% in London Mills.