Gillespie, IL vs Olney, IL

Gillespie, IL and Olney, IL have a very similar cost of living, with only a 2.1% difference in their overall index. Gillespie scores 64 while Olney scores 65 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 Gillespie is $756/month compared to $769/month in Olney — a 2% difference. Home values follow the same pattern: Gillespie is more affordable at $89,500 median vs $96,900.

Median household income in Gillespie is $76,806 compared to $57,997 in Olney (+32.4%). Gillespie offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gillespie spend roughly 11.8% of their income on rent, less than the 15.9% in Olney.

Climate-wise, both cities share similar average temperatures (56.1°F vs 55.7°F). Olney receives more rainfall at 41.7" per year compared to 39.4" in Gillespie.