Bourbon, IN vs Carlisle, IN

There is a significant gap in the cost of living between these two cities. Carlisle is 18.4% cheaper than Bourbon. With a cost index of 60 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carlisle to Bourbon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bourbon is $848/month compared to $803/month in Carlisle — a 6% difference. Home values follow the same pattern: Carlisle is more affordable at $59,500 median vs $156,800.

Median household income in Bourbon is $71,375 compared to $52,143 in Carlisle (+36.9%). While Bourbon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bourbon spend roughly 14.3% of their income on rent, less than the 18.5% in Carlisle.