Farmer City, IL vs Elmwood Place, OH: Cost of Living

Which city costs less?

Elmwood Place, OH has a modeled overall cost index 4.5% higher than Farmer City, IL.

Farmer City, IL · modeled 2BR rent
$1,210 / month
Elmwood Place, OH · modeled 2BR rent
$1,200 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

Adjust your income and compare the budget ↓
Tap to swap

Cost of Living Comparison 2026

Compare Farmer City, IL and Elmwood Place, OH using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
Numbers update automatically as you type

Estimated savings: $152/month in Elmwood Place, OH

$150,000 in your current city has a modeled equivalent of $148,173 in Elmwood Place, OH

Regional cost estimates: Farmer City, IL uses Chicago, IL. Elmwood Place, OH uses Cincinnati, OH. Available city ZIP rent estimates are shown separately.
Overall Cost
↑ 4.5%
More expensive
Monthly Impact
$152
Savings
Annual Impact
$1.8K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Farmer City, IL

Population:2K
Cost Index:
75.9
100 = national average
Typical Home:$165K

Elmwood Place, OH

Population:2K
Cost Index:
79.3
100 = national average
Typical Home:$153K

Planning the move to Elmwood Place?

Organize packing, address changes, and moving-day tasks with a free checklist. Your progress saves in this browser. No account needed.

Plan my move with the free checklist

Farmer City, IL

The Prairie State

2K
Population
State Tax
Yes

Located in Illinois, this city has a population of 2K residents.

Elmwood Place, OH

The Buckeye State

2K
Population
State Tax
Yes

Located in Ohio, this city has a population of 2K residents.

Cost Breakdown by Category

Estimated monthly spending: Farmer City, IL vs Elmwood Place, OH

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↓ 13.9%
Farmer City, IL
$2,364
Elmwood Place, OH
$2,035
Difference
$329
less
Other
↑ 16.1%
Farmer City, IL
$1,506
Elmwood Place, OH
$1,748
Difference
$242
more
Transportation
↓ 8.1%
Farmer City, IL
$1,439
Elmwood Place, OH
$1,322
Difference
$117
less
Healthcare
↑ 6.8%
Farmer City, IL
$608
Elmwood Place, OH
$649
Difference
$41.37
more
Groceries
↑ 0.6%
Farmer City, IL
$1,052
Elmwood Place, OH
$1,059
Difference
$6.72
more
All Utilities
↑ 0.8%
Farmer City, IL
$531
Elmwood Place, OH
$535
Difference
$4.31
more

🏠Rent Comparison

Studio
From$840
To$850
↑ $10.00
1 Bed
From$930
To$930
→ $0
2 Bed
From$1,210
To$1,200
↓ $10.00
3 Bed
From$1,460
To$1,580
↑ $120
Farmer City, ILZIP-level data

1BR range: $930–$930/mo

Elmwood Place, OHZIP-level data

1BR range: $930–$930/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Farmer City, IL
$7,348
Monthly in Elmwood Place, OH
$152
Difference

Home Values

Farmer City
Elmwood Place
$165K
Median Value
$153K
↑ +11.1%
YoY Change
↑ +2.8%
↑ +53.3%
5-Year Change
↑ +41.2%

Homes in Elmwood Place are 7% less expensive than Farmer City

Calculate payment - Farmer CityCalculate payment - Elmwood Place

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $3.0K
Per year
Monthly Difference
$250
More take-home
Effective Rate Diff
2.0%
Rate difference

Farmer City, IL

Federal Income Tax
Effective: 18.9%
$25.5K
Illinois State Tax
Effective: 5.0%
$7.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,797/month
$105.6K

Elmwood Place, OH

Federal Income Tax
Effective: 18.9%
$25.5K
Ohio State Tax
Effective: 3.0%
$4.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 27.6%
$41.4K
Take-Home Pay
$9,047/month
$108.6K

Additional Tax Information

Farmer City, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

Elmwood Place, OH Tax Rates

Sales Tax:7.2%
Property Tax:1.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Farmer City
Elmwood Place
54 Moderate
Air Quality
52 Moderate
35.8%
Good Air Days
44.8%
100 Very High
Climate Risk
96 High
🌊🌡🫨
Top Hazards
🌊🌡🌪
▲+3.2°F
2050 Outlook
▲+3.1°F
18 days
Heat Days >95°F
29 days
▲+3.2°F
2050 Outlook
▲+3.1°F
18 days
Heat Days >95°F
29 days

Before moving from Farmer City, IL to Elmwood Place, OH

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Elmwood Place, OH for the same bedroom count and included utilities as your home in Farmer City, IL. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Farmer City to Elmwood Place moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Elmwood Place, OH by cost, housing, population and region.

Frequently Asked Questions: Farmer City, IL vs Elmwood Place, OH

How do the cost estimates for Farmer City, IL and Elmwood Place, OH compare?

Elmwood Place, OH has a modeled overall cost index 4.5% higher than Farmer City, IL. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Farmer City, IL, the model estimates $148,173 in Elmwood Place, OH. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Farmer City, IL and Elmwood Place, OH?

The modeled two-bedroom rents are $1,210/month in Farmer City, IL and $1,200/month in Elmwood Place, OH. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Illinois and Ohio on TaxTakeHome.com

Similar cost to Elmwood Place, OH

Other cities in a similar price range

Indianapolis, INColumbus, OHKansas City, MO

Want to compare different cities?

New Comparison