Bourbon, IN vs New Goshen, IN

Bourbon is moderately more affordable than New Goshen, with a 9.6% lower cost of living index. Bourbon scores 71 compared to 79 for New Goshen, where the US average is 100. This difference means residents of New Goshen can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Bourbon are $156,800 compared to $96,100 in New Goshen, a 63% gap.

Median household income in Bourbon is $71,375 compared to $81,528 in New Goshen (-12.5%). While New Goshen is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.