East Cape Girardeau, IL vs Hanover, IL

East Cape Girardeau, IL and Hanover, IL have a very similar cost of living, with only a 0.5% difference in their overall index. East Cape Girardeau scores 64 while Hanover scores 63 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 East Cape Girardeau is $953/month compared to $751/month in Hanover — a 27% difference. Interestingly, home values tell a different story: while Hanover has cheaper rent, East Cape Girardeau actually has lower median home values ($57,500 vs $86,200).

Median household income in East Cape Girardeau is $42,188 compared to $39,583 in Hanover (+6.6%). While East Cape Girardeau is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of East Cape Girardeau spend roughly 27.1% of their income on rent, more than the 22.8% in Hanover.