Knoxville, IL vs Olney, IL

Knoxville, IL and Olney, IL have a very similar cost of living, with only a 1% difference in their overall index. Knoxville scores 66 while Olney scores 65 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 Knoxville is $675/month compared to $769/month in Olney — a 12% difference. Interestingly, home values tell a different story: while Knoxville has cheaper rent, Olney actually has lower median home values ($96,900 vs $139,900).

Median household income in Knoxville is $80,385 compared to $57,997 in Olney (+38.6%). While Knoxville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Knoxville spend roughly 10.1% of their income on rent, less than the 15.9% in Olney.

Climate-wise, Olney is notably warmer with an average of 55.7°F compared to 52.7°F in Knoxville. Olney receives more rainfall at 41.7" per year compared to 37.6" in Knoxville.