Elmwood, IL vs Hennepin, IL

Elmwood is moderately more affordable than Hennepin, with a 9.1% lower cost of living index. Elmwood scores 66 compared to 73 for Hennepin, where the US average is 100. This difference means residents of Hennepin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elmwood is $761/month compared to $836/month in Hennepin — a 9% difference. Home values follow the same pattern: Elmwood is more affordable at $144,600 median vs $166,700.

Median household income in Elmwood is $87,644 compared to $78,594 in Hennepin (+11.5%). 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 12.8% in Hennepin.

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