Madison, IL vs Oquawka, IL
There is a significant gap in the cost of living between these two cities. Oquawka is 22.3% cheaper than Madison. With a cost index of 56 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Oquawka to Madison should plan for substantially higher expenses across most categories.
On the housing front, median rent in Madison is $1,010/month compared to $492/month in Oquawka — a 105% difference. Interestingly, home values tell a different story: while Oquawka has cheaper rent, Madison actually has lower median home values ($51,200 vs $87,200).
Median household income in Madison is $44,181 compared to $51,477 in Oquawka (-14.2%). Oquawka offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Madison spend roughly 27.4% of their income on rent, more than the 11.5% in Oquawka.
Climate-wise, Madison is notably warmer with an average of 56.5°F compared to 51.9°F in Oquawka. Madison receives more rainfall at 40.8" per year compared to 37.9" in Oquawka.
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