Olney, IL vs Woodstock, IL

There is a significant gap in the cost of living between these two cities. Olney is 28.3% cheaper than Woodstock. With a cost index of 65 vs 90, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Olney to Woodstock should plan for substantially higher expenses across most categories.

On the housing front, median rent in Olney is $769/month compared to $1,174/month in Woodstock — a 35% difference. Home values follow the same pattern: Olney is more affordable at $96,900 median vs $231,100.

Median household income in Olney is $57,997 compared to $83,293 in Woodstock (-30.4%). While Woodstock is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Olney spend roughly 15.9% of their income on rent, less than the 16.9% in Woodstock.