Elliott, IL vs Hennepin, IL
Elliott, IL and Hennepin, IL have a very similar cost of living, with only a 3.4% difference in their overall index. Elliott scores 70 while Hennepin scores 73 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 Elliott is $1,045/month compared to $836/month in Hennepin — a 25% difference. Interestingly, home values tell a different story: while Hennepin has cheaper rent, Elliott actually has lower median home values ($81,800 vs $166,700).
Median household income in Elliott is $48,750 compared to $78,594 in Hennepin (-38%). While Hennepin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elliott spend roughly 25.7% of their income on rent, more than the 12.8% in Hennepin.
Climate-wise, both cities share similar average temperatures (52.3°F vs 52.7°F). Elliott receives more rainfall at 40.4" per year compared to 37.6" in Hennepin.
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