Cannelton, IN vs Troy, IN

Cannelton is moderately more affordable than Troy, with a 9.6% lower cost of living index. Cannelton scores 61 compared to 68 for Troy, where the US average is 100. This difference means residents of Troy 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 $906/month in Troy — a 21% difference. Home values follow the same pattern: Cannelton is more affordable at $85,600 median vs $95,600.

Median household income in Cannelton is $35,900 compared to $50,000 in Troy (-28.2%). While Troy 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 21.7% in Troy.