Magnolia, IL vs New Boston, IL
New Boston is moderately more affordable than Magnolia, with a 13.7% lower cost of living index. Magnolia scores 62 compared to 54 for New Boston, where the US average is 100. This difference means residents of Magnolia can expect to pay noticeably more for everyday expenses, housing, and services.
On the housing front, median rent in Magnolia is $641/month compared to $483/month in New Boston — a 33% difference. Home values follow the same pattern: New Boston is more affordable at $100,700 median vs $134,300.
Median household income in Magnolia is $74,500 compared to $61,563 in New Boston (+21%). While Magnolia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Magnolia spend roughly 10.3% of their income on rent, more than the 9.4% in New Boston.
Climate-wise, both cities share similar average temperatures (52.7°F vs 51.9°F). New Boston receives more rainfall at 37.9" per year compared to 37.6" in Magnolia.
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NOAA 30-year normals (1991-2020)