Rankin, IL vs Rome, IL

There is a significant gap in the cost of living between these two cities. Rankin is 24.8% cheaper than Rome. With a cost index of 58 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Rankin to Rome should plan for substantially higher expenses across most categories.

On the housing front, median rent in Rankin is $718/month compared to $1,107/month in Rome — a 35% difference. Home values follow the same pattern: Rankin is more affordable at $57,700 median vs $155,700.

Median household income in Rankin is $47,125 compared to $95,263 in Rome (-50.5%). While Rome is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Rankin spend roughly 18.3% of their income on rent, more than the 13.9% in Rome.

Climate-wise, both cities share similar average temperatures (52.3°F vs 52.7°F). Rankin receives more rainfall at 40.4" per year compared to 37.6" in Rome.