Georgetown, IL vs Olney, IL

Georgetown is moderately more affordable than Olney, with a 5.2% lower cost of living index. Georgetown scores 61 compared to 65 for Olney, where the US average is 100. This difference means residents of Olney can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Georgetown is $729/month compared to $769/month in Olney — a 5% difference. Home values follow the same pattern: Georgetown is more affordable at $70,500 median vs $96,900.

Median household income in Georgetown is $56,781 compared to $57,997 in Olney (-2.1%). Olney does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Georgetown spend roughly 15.4% of their income on rent, less than the 15.9% in Olney.

Climate-wise, Olney is notably warmer with an average of 55.7°F compared to 52.5°F in Georgetown. Olney receives more rainfall at 41.7" per year compared to 37" in Georgetown.