Boonville, IN vs New Chicago, IN

Boonville is moderately more affordable than New Chicago, with a 12.9% lower cost of living index. Boonville scores 69 compared to 79 for New Chicago, where the US average is 100. This difference means residents of New Chicago can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Boonville is $835/month compared to $1,090/month in New Chicago — a 23% difference. Interestingly, home values tell a different story: while Boonville has cheaper rent, New Chicago actually has lower median home values ($118,900 vs $143,100).

Median household income in Boonville is $62,500 compared to $54,700 in New Chicago (+14.3%). Boonville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boonville spend roughly 16% of their income on rent, less than the 23.9% in New Chicago.