Elmwood, IL vs Farmersville, IL

Elmwood, IL and Farmersville, IL have a very similar cost of living, with only a 0.5% difference in their overall index. Elmwood scores 66 while Farmersville 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 Elmwood is $761/month compared to $773/month in Farmersville — a 2% difference. Interestingly, home values tell a different story: while Elmwood has cheaper rent, Farmersville actually has lower median home values ($113,500 vs $144,600).

Median household income in Elmwood is $87,644 compared to $59,297 in Farmersville (+47.8%). Elmwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elmwood spend roughly 10.4% of their income on rent, less than the 15.6% in Farmersville.

Climate-wise, both cities share similar average temperatures (52.7°F vs 54°F). Farmersville receives more rainfall at 38" per year compared to 37.6" in Elmwood.