Hampshire, IL vs Morton Grove, IL

Hampshire, IL and Morton Grove, IL have a very similar cost of living, with only a 0.4% difference in their overall index. Hampshire scores 133 while Morton Grove scores 134 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 Hampshire is $2,356/month compared to $2,210/month in Morton Grove — a 7% difference. Interestingly, home values tell a different story: while Morton Grove has cheaper rent, Hampshire actually has lower median home values ($316,200 vs $377,000).

Median household income in Hampshire is $107,774 compared to $106,078 in Morton Grove (+1.6%). Hampshire offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hampshire spend roughly 26.2% of their income on rent, more than the 25% in Morton Grove.

Climate-wise, both cities share similar average temperatures (49.7°F vs 50.8°F). Hampshire receives more rainfall at 33.2" per year compared to 32.3" in Morton Grove.