Elizabeth, IL vs Olmsted, IL

There is a significant gap in the cost of living between these two cities. Elizabeth is 20.2% cheaper than Olmsted. With a cost index of 66 vs 82, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elizabeth to Olmsted should plan for substantially higher expenses across most categories.

Renters will find that Elizabeth has a median rent of $741/month while Olmsted comes in at $775/month, a 4% difference.

Median household income in Elizabeth is $47,500 compared to $34,375 in Olmsted (+38.2%). Elizabeth offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elizabeth spend roughly 18.7% of their income on rent, less than the 27.1% in Olmsted.

Climate-wise, Olmsted is notably warmer with an average of 58.1°F compared to 47.2°F in Elizabeth. Olmsted receives more rainfall at 51" per year compared to 38.2" in Elizabeth.