Elizabeth, IL vs Elmwood, IL

Elizabeth, IL and Elmwood, IL have a very similar cost of living, with only a 0.7% difference in their overall index. Elizabeth scores 66 while Elmwood scores 66 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 Elizabeth is $741/month compared to $761/month in Elmwood — a 3% difference. Home values follow the same pattern: Elizabeth is more affordable at $115,500 median vs $144,600.

Median household income in Elizabeth is $47,500 compared to $87,644 in Elmwood (-45.8%). While Elmwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elizabeth spend roughly 18.7% of their income on rent, more than the 10.4% in Elmwood.

Climate-wise, Elmwood is notably warmer with an average of 52.7°F compared to 47.2°F in Elizabeth. Elizabeth receives more rainfall at 38.2" per year compared to 37.6" in Elmwood.