Hanover, IL vs Polo, IL

Hanover, IL and Polo, IL have a very similar cost of living, with only a 4% difference in their overall index. Hanover scores 63 while Polo scores 66 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 Hanover is $751/month compared to $777/month in Polo — a 3% difference. Home values follow the same pattern: Hanover is more affordable at $86,200 median vs $108,500.

Median household income in Hanover is $39,583 compared to $52,976 in Polo (-25.3%). While Polo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanover spend roughly 22.8% of their income on rent, more than the 17.6% in Polo.

Climate-wise, both cities share similar average temperatures (47.2°F vs 49.4°F). Hanover receives more rainfall at 38.2" per year compared to 37.2" in Polo.