Iola, IL vs New Canton, IL

The cost of living difference between Iola, IL and New Canton, IL is dramatic. New Canton is 43.4% cheaper than Iola, a gap that translates to thousands of dollars per year in household expenses. Iola has a cost index of 79 while New Canton sits at 55, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Iola are $71,700 compared to $72,100 in New Canton, a 1% gap.

Median household income in Iola is $45,000 compared to $37,031 in New Canton (+21.5%). Iola does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget.

Climate-wise, both cities share similar average temperatures (53.4°F vs 53°F). New Canton receives more rainfall at 36.4" per year compared to 36" in Iola.