Collinsville, IL vs Hampshire, IL

The cost of living difference between Collinsville, IL and Hampshire, IL is dramatic. Collinsville is 43.1% cheaper than Hampshire, a gap that translates to thousands of dollars per year in household expenses. Collinsville has a cost index of 76 while Hampshire sits at 133, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Collinsville is $979/month compared to $2,356/month in Hampshire — a 58% difference. Home values follow the same pattern: Collinsville is more affordable at $157,700 median vs $316,200.

Median household income in Collinsville is $65,170 compared to $107,774 in Hampshire (-39.5%). The higher salaries in Hampshire partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Collinsville spend roughly 18% of their income on rent, less than the 26.2% in Hampshire.