Austin, IN vs Owensville, IN

Austin, IN and Owensville, IN have a very similar cost of living, with only a 2.7% difference in their overall index. Austin scores 61 while Owensville 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 Austin is $698/month compared to $681/month in Owensville — a 3% difference. Interestingly, home values tell a different story: while Owensville has cheaper rent, Austin actually has lower median home values ($88,000 vs $114,800).

Median household income in Austin is $30,473 compared to $57,438 in Owensville (-46.9%). While Owensville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Austin spend roughly 27.5% of their income on rent, more than the 14.2% in Owensville.