Melrose Park, IL vs Savoy, IL

Savoy is moderately more affordable than Melrose Park, with a 12.1% lower cost of living index. Melrose Park scores 94 compared to 84 for Savoy, where the US average is 100. This difference means residents of Melrose Park can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Melrose Park is $1,194/month compared to $954/month in Savoy — a 25% difference. Interestingly, home values tell a different story: while Savoy has cheaper rent, Melrose Park actually has lower median home values ($265,000 vs $280,700).

Median household income in Melrose Park is $64,740 compared to $88,828 in Savoy (-27.1%). Savoy offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Melrose Park spend roughly 22.1% of their income on rent, more than the 12.9% in Savoy.

Climate-wise, both cities share similar average temperatures (51.3°F vs 52.5°F). Melrose Park receives more rainfall at 37.9" per year compared to 37" in Savoy.