Momence, IL vs Savoy, IL
There is a significant gap in the cost of living between these two cities. Momence is 16.6% cheaper than Savoy. With a cost index of 70 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Momence to Savoy should plan for substantially higher expenses across most categories.
On the housing front, median rent in Momence is $803/month compared to $954/month in Savoy — a 16% difference. Home values follow the same pattern: Momence is more affordable at $159,600 median vs $280,700.
Median household income in Momence is $52,048 compared to $88,828 in Savoy (-41.4%). While Savoy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Momence spend roughly 18.5% of their income on rent, more than the 12.9% in Savoy.
Climate-wise, both cities share similar average temperatures (51.8°F vs 52.5°F). Savoy receives more rainfall at 37" per year compared to 33.4" in Momence.
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Climate
NOAA 30-year normals (1991-2020)