Crete, IL vs Diamond, IL

Crete, IL and Diamond, IL have a very similar cost of living, with only a 1.8% difference in their overall index. Crete scores 92 while Diamond scores 90 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 Crete is $1,283/month compared to $1,224/month in Diamond — a 5% difference. Interestingly, home values tell a different story: while Diamond has cheaper rent, Crete actually has lower median home values ($209,100 vs $211,500).

Median household income in Crete is $97,984 compared to $60,000 in Diamond (+63.3%). While Crete is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Crete spend roughly 15.7% of their income on rent, less than the 24.5% in Diamond.