Colona, IL vs Hodgkins, IL

Colona, IL and Hodgkins, IL have a very similar cost of living, with only a 1.4% difference in their overall index. Colona scores 70 while Hodgkins scores 69 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 Colona is $881/month compared to $1,000/month in Hodgkins — a 12% difference. Interestingly, home values tell a different story: while Colona has cheaper rent, Hodgkins actually has lower median home values ($39,200 vs $152,100).

Median household income in Colona is $76,558 compared to $63,056 in Hodgkins (+21.4%). While Colona is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colona spend roughly 13.8% of their income on rent, less than the 19% in Hodgkins.