Industry, IL vs Magnolia, IL

Industry, IL and Magnolia, IL have a very similar cost of living, with only a 3.8% difference in their overall index. Industry scores 64 while Magnolia scores 62 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 Industry is $776/month compared to $641/month in Magnolia — a 21% difference. Interestingly, home values tell a different story: while Magnolia has cheaper rent, Industry actually has lower median home values ($82,000 vs $134,300).

Median household income in Industry is $54,306 compared to $74,500 in Magnolia (-27.1%). Magnolia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Industry spend roughly 17.1% of their income on rent, more than the 10.3% in Magnolia.

Climate-wise, both cities share similar average temperatures (53°F vs 52.7°F). Magnolia receives more rainfall at 37.6" per year compared to 36.4" in Industry.