Durand, IL vs Lebanon, IL
There is a significant gap in the cost of living between these two cities. Durand is 19.2% cheaper than Lebanon. With a cost index of 64 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Durand to Lebanon should plan for substantially higher expenses across most categories.
On the housing front, median rent in Durand is $722/month compared to $1,125/month in Lebanon — a 36% difference. Home values follow the same pattern: Durand is more affordable at $130,600 median vs $146,600.
Median household income in Durand is $63,542 compared to $84,766 in Lebanon (-25%). While Lebanon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Durand spend roughly 13.6% of their income on rent, less than the 15.9% in Lebanon.
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