Nashville, IL vs Payson, IL

Nashville, IL and Payson, IL have a very similar cost of living, with only a 3.1% difference in their overall index. Nashville scores 70 while Payson scores 73 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 Nashville is $816/month compared to $967/month in Payson — a 16% difference. Interestingly, home values tell a different story: while Nashville has cheaper rent, Payson actually has lower median home values ($118,000 vs $146,500).

Median household income in Nashville is $61,753 compared to $62,262 in Payson (-0.8%). Payson 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 Nashville spend roughly 15.9% of their income on rent, less than the 18.6% in Payson.

Climate-wise, Nashville is notably warmer with an average of 57.7°F compared to 53°F in Payson. Nashville receives more rainfall at 43.4" per year compared to 36.4" in Payson.