Glenwood, IL vs Melrose Park, IL

Melrose Park is moderately more affordable than Glenwood, with a 7.2% lower cost of living index. Glenwood scores 101 compared to 94 for Melrose Park, where the US average is 100. This difference means residents of Glenwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Glenwood is $1,639/month compared to $1,194/month in Melrose Park — a 37% difference. Interestingly, home values tell a different story: while Melrose Park has cheaper rent, Glenwood actually has lower median home values ($182,900 vs $265,000).

Median household income in Glenwood is $71,376 compared to $64,740 in Melrose Park (+10.3%). While Glenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Glenwood spend roughly 27.6% of their income on rent, more than the 22.1% in Melrose Park.

Climate-wise, both cities share similar average temperatures (52.1°F vs 51.3°F). Melrose Park receives more rainfall at 37.9" per year compared to 34.4" in Glenwood.