Boswell, IN vs Cedar Grove, IN

Boswell, IN and Cedar Grove, IN have a very similar cost of living, with only a 4.5% difference in their overall index. Boswell scores 67 while Cedar Grove scores 64 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 Boswell is $900/month compared to $588/month in Cedar Grove — a 53% difference. Interestingly, home values tell a different story: while Cedar Grove has cheaper rent, Boswell actually has lower median home values ($92,400 vs $160,900).

Median household income in Boswell is $49,091 compared to $60,625 in Cedar Grove (-19%). Cedar Grove offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boswell spend roughly 22% of their income on rent, more than the 11.6% in Cedar Grove.