Loraine, IL vs Martinsville, IL

Loraine, IL and Martinsville, IL have a very similar cost of living, with only a 4.2% difference in their overall index. Loraine scores 60 while Martinsville scores 57 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 Loraine is $629/month compared to $588/month in Martinsville — a 7% difference. Home values follow the same pattern: Martinsville is more affordable at $73,600 median vs $88,100.

Median household income in Loraine is $56,855 compared to $65,000 in Martinsville (-12.5%). Martinsville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Loraine spend roughly 13.3% of their income on rent, more than the 10.9% in Martinsville.

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