Cannelton, IN vs North Terre Haute, IN

Cannelton, IN and North Terre Haute, IN have a very similar cost of living, with only a 1.3% difference in their overall index. Cannelton scores 61 while North Terre Haute scores 62 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 Cannelton is $719/month compared to $666/month in North Terre Haute — a 8% difference. Interestingly, home values tell a different story: while North Terre Haute has cheaper rent, Cannelton actually has lower median home values ($85,600 vs $136,300).

Median household income in Cannelton is $35,900 compared to $54,246 in North Terre Haute (-33.8%). While North Terre Haute 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, more than the 14.7% in North Terre Haute.