Cannelton, IN vs Matthews, IN

Cannelton is moderately more affordable than Matthews, with a 13.5% lower cost of living index. Cannelton scores 61 compared to 71 for Matthews, where the US average is 100. This difference means residents of Matthews can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cannelton is $719/month compared to $1,040/month in Matthews — a 31% difference. Interestingly, home values tell a different story: while Cannelton has cheaper rent, Matthews actually has lower median home values ($77,000 vs $85,600).

Median household income in Cannelton is $35,900 compared to $45,833 in Matthews (-21.7%). While Matthews is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cannelton spend roughly 24% of their income on rent, less than the 27.2% in Matthews.