Oglesby, IL vs Summit, IL

There is a significant gap in the cost of living between these two cities. Oglesby is 18.9% cheaper than Summit. With a cost index of 69 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Oglesby to Summit should plan for substantially higher expenses across most categories.

On the housing front, median rent in Oglesby is $810/month compared to $1,012/month in Summit — a 20% difference. Home values follow the same pattern: Oglesby is more affordable at $130,900 median vs $224,800.

Median household income in Oglesby is $71,618 compared to $60,417 in Summit (+18.5%). Oglesby offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Oglesby spend roughly 13.6% of their income on rent, less than the 20.1% in Summit.

Climate-wise, Summit is notably warmer with an average of 52.1°F compared to 47.8°F in Oglesby. Oglesby receives more rainfall at 37.4" per year compared to 34.4" in Summit.