Bourbon, IN vs Highland, IN

There is a significant gap in the cost of living between these two cities. Bourbon is 29.3% cheaper than Highland. With a cost index of 71 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bourbon to Highland should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bourbon is $848/month compared to $1,694/month in Highland — a 50% difference. Home values follow the same pattern: Bourbon is more affordable at $156,800 median vs $216,800.

Median household income in Bourbon is $71,375 compared to $95,696 in Highland (-25.4%). The higher salaries in Highland partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Bourbon spend roughly 14.3% of their income on rent, less than the 21.2% in Highland.