Danvers, IL vs Madison, IL

There is a significant gap in the cost of living between these two cities. Madison is 17.3% cheaper than Danvers. With a cost index of 68 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Madison 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 $1,010/month in Madison — a 14% difference. Home values follow the same pattern: Madison is more affordable at $51,200 median vs $156,500.

Median household income in Danvers is $66,964 compared to $44,181 in Madison (+51.6%). While Danvers is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Danvers spend roughly 20.6% of their income on rent, less than the 27.4% in Madison.