Dwight, IL vs Waterloo, IL

Dwight, IL and Waterloo, IL have a very similar cost of living, with only a 1.9% difference in their overall index. Dwight scores 78 while Waterloo scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Dwight is $992/month compared to $873/month in Waterloo — a 14% difference. Interestingly, home values tell a different story: while Waterloo has cheaper rent, Dwight actually has lower median home values ($143,200 vs $237,900).

Median household income in Dwight is $67,712 compared to $92,005 in Waterloo (-26.4%). While Waterloo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dwight spend roughly 17.6% of their income on rent, more than the 11.4% in Waterloo.