Oglesby, IL vs Waterloo, IL

Oglesby is moderately more affordable than Waterloo, with a 13% lower cost of living index. Oglesby scores 69 compared to 79 for Waterloo, where the US average is 100. This difference means residents of Waterloo can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Oglesby is $810/month compared to $873/month in Waterloo — a 7% difference. Home values follow the same pattern: Oglesby is more affordable at $130,900 median vs $237,900.

Median household income in Oglesby is $71,618 compared to $92,005 in Waterloo (-22.2%). While Waterloo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Oglesby spend roughly 13.6% of their income on rent, more than the 11.4% in Waterloo.

Climate-wise, Waterloo is notably warmer with an average of 56.5°F compared to 47.8°F in Oglesby. Waterloo receives more rainfall at 40.8" per year compared to 37.4" in Oglesby.