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Danforth, IL vs New Canton, IL

71
Danforth
Illinois
VS
+27.6%
55
New Canton
Illinois

There is a significant gap in the cost of living between these two cities. New Canton is 27.6% cheaper than Danforth. With a cost index of 55 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Canton to Danforth should plan for substantially higher expenses across most categories.

On the housing front, median rent in Danforth is $850/month compared to $525/month in New Canton — a 62% difference. Home values follow the same pattern: New Canton is more affordable at $72,100 median vs $138,600.

Median household income in Danforth is $47,750 compared to $37,031 in New Canton (+28.9%). While Danforth is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Danforth spend roughly 21.4% of their income on rent, more than the 17% in New Canton.

Income & Cost

Cost of Living Index
Danforth
71
New Canton
55
22% cheaper
Median Household Income
Danforth
$47,750
22% higher
New Canton
$37,031

Housing

Median Rent
Danforth
$850
New Canton
$525
38% cheaper
Median Home Value
Danforth
$138,600
New Canton
$72,100
48% cheaper
Population
Danforth
619
New Canton
209

Salary Equivalency Calculator

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