Palmyra, IL vs Winchester, IL

Palmyra, IL and Winchester, IL have a very similar cost of living, with only a 0.2% difference in their overall index. Palmyra scores 61 while Winchester scores 60 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 Palmyra is $670/month compared to $627/month in Winchester — a 7% difference. Interestingly, home values tell a different story: while Winchester has cheaper rent, Palmyra actually has lower median home values ($86,400 vs $96,000).

Median household income in Palmyra is $46,477 compared to $54,286 in Winchester (-14.4%). Winchester offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Palmyra spend roughly 17.3% of their income on rent, more than the 13.9% in Winchester.

Climate-wise, both cities share similar average temperatures (54°F vs 54°F). Winchester receives more rainfall at 38" per year compared to 38" in Palmyra.