Iola, IL vs Magnolia, IL

There is a significant gap in the cost of living between these two cities. Magnolia is 29.2% cheaper than Iola. With a cost index of 62 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Magnolia to Iola should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Iola are $71,700 compared to $134,300 in Magnolia, a 47% gap.

Median household income in Iola is $45,000 compared to $74,500 in Magnolia (-39.6%). Magnolia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Climate-wise, both cities share similar average temperatures (53.4°F vs 52.7°F). Magnolia receives more rainfall at 37.6" per year compared to 36" in Iola.