Ilion, NY vs Silver Creek, NY

There is a significant gap in the cost of living between these two cities. Ilion is 15.4% cheaper than Silver Creek. With a cost index of 63 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ilion to Silver Creek should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ilion is $718/month compared to $918/month in Silver Creek — a 22% difference. Home values follow the same pattern: Ilion is more affordable at $100,800 median vs $119,500.

Median household income in Ilion is $61,880 compared to $66,250 in Silver Creek (-6.6%). Silver Creek does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Ilion spend roughly 13.9% of their income on rent, less than the 16.6% in Silver Creek.