Danvers, IL vs Latham, IL

There is a significant gap in the cost of living between these two cities. Latham is 22.5% cheaper than Danvers. With a cost index of 65 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Latham to Danvers should plan for substantially higher expenses across most categories.

On the housing front, median rent in Danvers is $1,147/month compared to $936/month in Latham — a 23% difference. Home values follow the same pattern: Latham is more affordable at $79,000 median vs $156,500.

Median household income in Danvers is $66,964 compared to $76,667 in Latham (-12.7%). Latham offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Danvers spend roughly 20.6% of their income on rent, more than the 14.7% in Latham.