Diamond, IL vs Glenwood, IL

Diamond is moderately more affordable than Glenwood, with a 10.2% lower cost of living index. Diamond scores 90 compared to 101 for Glenwood, where the US average is 100. This difference means residents of Glenwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Diamond is $1,224/month compared to $1,639/month in Glenwood — a 25% difference. Interestingly, home values tell a different story: while Diamond has cheaper rent, Glenwood actually has lower median home values ($182,900 vs $211,500).

Median household income in Diamond is $60,000 compared to $71,376 in Glenwood (-15.9%). While Glenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Diamond spend roughly 24.5% of their income on rent, less than the 27.6% in Glenwood.