Downers Grove, IL vs Homewood, IL

There is a significant gap in the cost of living between these two cities. Homewood is 24.7% cheaper than Downers Grove. With a cost index of 96 vs 120, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Homewood to Downers Grove should plan for substantially higher expenses across most categories.

On the housing front, median rent in Downers Grove is $1,589/month compared to $1,422/month in Homewood — a 12% difference. Home values follow the same pattern: Homewood is more affordable at $210,500 median vs $439,000.

Median household income in Downers Grove is $119,649 compared to $96,522 in Homewood (+24%). The higher salaries in Downers Grove partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Downers Grove spend roughly 15.9% of their income on rent, less than the 17.7% in Homewood.