Hanover, IL vs Loda, IL

There is a significant gap in the cost of living between these two cities. Hanover is 20.3% cheaper than Loda. With a cost index of 63 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hanover to Loda should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Hanover are $86,200 compared to $96,300 in Loda, a 11% gap.

Median household income in Hanover is $39,583 compared to $61,250 in Loda (-35.4%). While Loda is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, Loda is notably warmer with an average of 52.3°F compared to 47.2°F in Hanover. Loda receives more rainfall at 40.4" per year compared to 38.2" in Hanover.