Diamond, IL vs Hampshire, IL

The cost of living difference between Diamond, IL and Hampshire, IL is dramatic. Diamond is 32.2% cheaper than Hampshire, a gap that translates to thousands of dollars per year in household expenses. Diamond has a cost index of 90 while Hampshire sits at 133, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Diamond is $1,224/month compared to $2,356/month in Hampshire — a 48% difference. Home values follow the same pattern: Diamond is more affordable at $211,500 median vs $316,200.

Median household income in Diamond is $60,000 compared to $107,774 in Hampshire (-44.3%). While Hampshire 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 26.2% in Hampshire.