Ardmore, IN vs Rensselaer, IN

Ardmore is moderately more affordable than Rensselaer, with a 5.5% lower cost of living index. Ardmore scores 70 compared to 74 for Rensselaer, where the US average is 100. This difference means residents of Rensselaer can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ardmore is $938/month compared to $868/month in Rensselaer — a 8% difference. Interestingly, home values tell a different story: while Rensselaer has cheaper rent, Ardmore actually has lower median home values ($113,300 vs $149,100).

Median household income in Ardmore is $45,709 compared to $61,648 in Rensselaer (-25.9%). While Rensselaer is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ardmore spend roughly 24.6% of their income on rent, more than the 16.9% in Rensselaer.