Edgewood, IL vs Payson, IL

There is a significant gap in the cost of living between these two cities. Edgewood is 19.4% cheaper than Payson. With a cost index of 59 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Edgewood to Payson should plan for substantially higher expenses across most categories.

On the housing front, median rent in Edgewood is $625/month compared to $967/month in Payson — a 35% difference. Home values follow the same pattern: Edgewood is more affordable at $72,500 median vs $118,000.

Median household income in Edgewood is $42,188 compared to $62,262 in Payson (-32.2%). While Payson is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Edgewood spend roughly 17.8% of their income on rent, less than the 18.6% in Payson.

Climate-wise, both cities share similar average temperatures (53.4°F vs 53°F). Payson receives more rainfall at 36.4" per year compared to 36" in Edgewood.