Bourbon, IN vs Hillsboro, IN

Bourbon, IN and Hillsboro, IN have a very similar cost of living, with only a 0.8% difference in their overall index. Bourbon scores 71 while Hillsboro scores 72 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 Bourbon is $848/month compared to $1,038/month in Hillsboro — a 18% difference. Interestingly, home values tell a different story: while Bourbon has cheaper rent, Hillsboro actually has lower median home values ($93,100 vs $156,800).

Median household income in Bourbon is $71,375 compared to $67,750 in Hillsboro (+5.4%). Bourbon offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bourbon spend roughly 14.3% of their income on rent, less than the 18.4% in Hillsboro.