Elmwood, IL vs Sheffield, IL

Elmwood is moderately more affordable than Sheffield, with a 5.3% lower cost of living index. Elmwood scores 66 compared to 70 for Sheffield, where the US average is 100. This difference means residents of Sheffield 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 $992/month in Sheffield — a 23% difference. Interestingly, home values tell a different story: while Elmwood has cheaper rent, Sheffield actually has lower median home values ($102,600 vs $144,600).

Median household income in Elmwood is $87,644 compared to $68,542 in Sheffield (+27.9%). 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 17.4% in Sheffield.

Climate-wise, both cities share similar average temperatures (52.7°F vs 51.2°F). Sheffield receives more rainfall at 38.3" per year compared to 37.6" in Elmwood.