Lockport, IL vs Olney, IL

The cost of living difference between Lockport, IL and Olney, IL is dramatic. Olney is 63.3% cheaper than Lockport, a gap that translates to thousands of dollars per year in household expenses. Lockport has a cost index of 106 while Olney sits at 65, 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.

On the housing front, median rent in Lockport is $1,503/month compared to $769/month in Olney — a 95% difference. Home values follow the same pattern: Olney is more affordable at $96,900 median vs $298,800.

Median household income in Lockport is $113,252 compared to $57,997 in Olney (+95.3%). While Lockport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lockport spend roughly 15.9% 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 52.1°F in Lockport. Olney receives more rainfall at 41.7" per year compared to 34.4" in Lockport.