Madison, IL vs Wyanet, IL

Madison, IL and Wyanet, IL have a very similar cost of living, with only a 1.6% difference in their overall index. Madison scores 68 while Wyanet scores 69 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 Madison is $1,010/month compared to $912/month in Wyanet — a 11% difference. Interestingly, home values tell a different story: while Wyanet has cheaper rent, Madison actually has lower median home values ($51,200 vs $96,800).

Median household income in Madison is $44,181 compared to $59,375 in Wyanet (-25.6%). While Wyanet is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Madison spend roughly 27.4% of their income on rent, more than the 18.4% in Wyanet.