Mount Carmel, IL vs Preston Heights, IL

There is a significant gap in the cost of living between these two cities. Mount Carmel is 25% cheaper than Preston Heights. With a cost index of 64 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mount Carmel to Preston Heights should plan for substantially higher expenses across most categories.

On the housing front, median rent in Mount Carmel is $750/month compared to $1,232/month in Preston Heights — a 39% difference. Home values follow the same pattern: Mount Carmel is more affordable at $88,500 median vs $141,400.

Median household income in Mount Carmel is $45,884 compared to $51,970 in Preston Heights (-11.7%). Preston Heights does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Mount Carmel spend roughly 19.6% of their income on rent, less than the 28.4% in Preston Heights.

Climate-wise, Mount Carmel is notably warmer with an average of 55.7°F compared to 52.1°F in Preston Heights. Mount Carmel receives more rainfall at 41.7" per year compared to 34.4" in Preston Heights.