Orangeville, IL vs Panama, IL

Orangeville, IL and Panama, IL have a very similar cost of living, with only a 3.4% difference in their overall index. Orangeville scores 66 while Panama scores 63 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 Orangeville is $689/month compared to $833/month in Panama — a 17% difference. Interestingly, home values tell a different story: while Orangeville has cheaper rent, Panama actually has lower median home values ($60,800 vs $135,600).

Median household income in Orangeville is $70,833 compared to $60,096 in Panama (+17.9%). While Orangeville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Orangeville spend roughly 11.7% of their income on rent, less than the 16.6% in Panama.

Climate-wise, Panama is notably warmer with an average of 57.7°F compared to 49.4°F in Orangeville. Panama receives more rainfall at 43.4" per year compared to 37.2" in Orangeville.