Colona, IL vs Steeleville, IL

Colona, IL and Steeleville, IL have a very similar cost of living, with only a 0.8% difference in their overall index. Colona scores 70 while Steeleville scores 70 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 $775/month in Steeleville — a 14% difference. Interestingly, home values tell a different story: while Steeleville has cheaper rent, Colona actually has lower median home values ($152,100 vs $155,100).

Median household income in Colona is $76,558 compared to $60,982 in Steeleville (+25.5%). 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 15.3% in Steeleville.